Lee & Associates - North San Diego County Negotiates the Sale and Lease Back of Industrial Building in San Marcos
SAN MARCOS, Calif.—April 6, 2015—Lee & Associates-North San Diego County negotiated a $5.450 million sale and lease back of a 50,220-square-foot industrial building located at 495 Enterprise Street in San Marcos.
Daniel Knoke, Peter Merz, Marko Dragovic and Isaac Little of Lee & Associates-North San Diego County represented the seller, Thornton Technology, Inc.
“Thornton Technology leased back 50% of the property for an undisclosed period of time,” said Knoke. “As the supply for industrial buildings within the range of 50,000 square-feet continues to diminish in North San Diego County, the demand continues to increase.”
The facility is located on 2.87 acres of land which includes a large fully secured parking lot/yard with immediate access to Hwy 78. The building consists of 12% office, 50% of a R&D and production area, and an excess of 35% warehouse with grade level loading.
The buyer, Spike LLC, plans to hold the property as a long-term investment. Justin Beattie of Palomar Commercial represented the buyer.
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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.