Lee & Associates – North San Diego County Negotiates a $2.1 Million Industrial Sale
San Marcos Calif.—April 22, 2015—Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed a $2,100,000 sales transaction for a 18,314 square foot industrial building located at 1585 Creek Street in San Marcos, California. At the time of the sale, the tenant, ESN Restoration Inc., had four years remaining on their lease.
Rusty Williams, SIOR, Chris Roth, and Kyle Carruthers of Lee & Associates – North San Diego County represented the buyer, Utah Prime Properties. The seller, Edward Allen Properties, was represented by Kidder Matthews.
“This asset provided our client with an ideal triple-net leased investment in a market that has an industrial vacancy below 6%,” said Williams.
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 52 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.