Lee & Associates – North San Diego County Negotiates a $1.3M Investment Sale
NORTH BEND, Oregon—June 19, 2014—Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed a $1,300,000 sales transaction for a 1,989 square-foot Kentucky Fried Chicken building located at 2273 Newmark Street in North Bend Oregon. The property sold with a 6.5% cap rate as a 20-year leaseback with a franchisee that operates 70 locations between three entities.
Al Apuzzo, Matt Weaver, and Patrick Miller, of Lee & Associates – North San Diego County of represented the buyer, Strum Family, LLC. Aaron Hines of Marcus & Milichap represented the seller, S&H 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.