SAN DIEGO, CA (May 11, 2021) — Commercial Asset Advisors is pleased to announce the successful closing of four industrial condos in less than three months, between February 10 and April 20, 2021. These sales illustrate how the industrial market in San Diego County has remained one of the most robust product types during the COVID-19 pandemic.
Mike Conger and Brian Jenkins of Commercial Asset Advisors served as listing agent. Matthew Monterroso of Commercial Asset Advisors served as buyers’ agent. In addition to facilitating the transactions, CAA has also been retained to market post-close leasing efforts for some of the buyers.
“Each buyer had its own unique needs and challenges to navigate, and CAA provided top-notch service to help them meet their objectives,” Monterroso said. “Our tailored approach and creative problem solving enabled us to find the perfect property for each one and achieve a successful close.”
Several of the sales handed by CAA involved a tax-advantaged 1031 exchange, which allow the deferral of capital gains. “We provided our expertise to help the seller navigate multiple closes and tenant relocations to complete the sales within the necessary timeframe to capitalize on a 1031 exchange,” Jenkins said.
The recently sold properties are located at:
803 & 811 Anchorage Place, Chula Vista, CA 91914
861 Harold Place, Suite 304, Chula Vista, CA 91914
1568 Lancaster Point Way, San Diego, CA 92155
For additional information, you may contact Mike Conger, CAA Principal (DRE Lic. # 01381193), at mike@caacre.com or Brian Jenkins, CAA Principal (DRE Lic. # 01814828), at brian@caacre.com; or Matthew Monterroso (DRE Lic. # 02073919), at matt@caacre.com.
About Commercial Asset Advisors
Commercial Asset Advisors is a San Diego-based commercial real estate brokerage that specializes in serving the unique needs of individual private clients, as well as family offices, corporate, institutional, nonprofit and national organizations. As a full-service CRE firm, our team has assisted property owners from Central San Diego, North County, East County, South County and beyond to maximize the value of their investments including office, retail, industrial, apartment and multi—family, mixed-use projects, ground-up development tenant representation and much more. With experience earned through exceptional hard work, CAA has successfully completed over 1,400 sale and lease transactions totaling over $500 million in consideration. CAA provides unmatched customer service and strategic advice in all areas, asset types, and transaction structures.