Lee & Associates – North San Diego County Negotiates $1.35 Million Industrial Sale
Escondido, Calif.—May 12, 2015—Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed a $1,350,000 sales transaction for an approximate 9,971 square-foot industrial building located at 344 North Vinewood Street in Escondido, California.
Daniel Knoke and Peter Merz of Lee & Associates – North San Diego County of represented the seller, Skip and Carrie Phillips Consulting, LLC. The buyer, Prava Construction Services, Inc., was represented by Lockwood Commercial.
“Over the last quarter, we have seen increasing upward pressure in pricing as availability continues to decline. This sale is emblematic of the current market,” said Merz.
About Lee & Associates
Celebrating more than 36 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the country with locations across the nation including California, Colorado, Arizona, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Maryland, Michigan, Missouri, Nevada, New Jersey, New York, Ohio, South Carolina, Texas, and Wisconsin. With 800 brokers nationwide, Lee & Associates provides a wide range of specialized commercial real estate services on a local, regional and national level. Additional information can be found at http://www.lee-associates.com. You can also follow us on Facebook, LinkedIn and Twitter.