Lee & Associates – North San Diego County Negotiates a $1.9M Industrial Investment Sale
Lee & Associates - North San Diego County Negotiates a $1.9M
Industrial Investment Sale
VISTA, Calif.—July 18, 2014—Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed a $1,926,215 sales transaction for the two 8,004 square-foot buildings located in Oakridge Business Center II. Nutritional Engineering Inc., who just renewed with a five year lease on the buildings located at 1208 & 1212 Avenida Encinas, occupied both buildings at the time of the sale.
Trent France of Lee & Associates – North San Diego County represented the seller, S&K Land and Cattle CO, LLC. Brent Bohlken of Newmark Grubb Knight Frank represented the buyer, an investor who purchased the buildings at approximately a 6.9% cap rate.
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, Ohio, 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.