Lee & Associates - North San Diego County Negotiates a $1.35M Investment Sale
ARTESIA, Calif.—July 2, 2014—Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed a $1,350,000 sales transaction for a 3,352 square-foot Pizza Hut building located at 1911 West Main Street in Artesia, California. The 15-year multi-unit franchisee sale-leaseback sold at a 6.42% cap rate.
Al Apuzzo, Matt Weaver, and Patrick Miller, of Lee & Associates – North San Diego County represented the buyer, Strum Family, LLC. Justin Zahn, of Commercial Investment Advisors, represented the seller, La Raza Pizza, Inc.
About Lee & Associates
Celebrating more than 34 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 50 locations across the nation including California, Arizona, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Maryland, Michigan, Missouri, Nevada, New Jersey, New York, South Carolina, Texas, and Wisconsin that house more than 750 brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at www.lee-associates.com.