EL CAJON - San Diego, CA (Oct 26, 2023) – - Commercial Asset Advisors is pleased to announce the successful sale of a multi-tenant office property located at 2340 Tampa Avenue, El Cajon CA 92020 for $2,015,000 on October 6, 2023.
The project consists of two office buildings that total approximately 7,286 square feet with eleven office suites ranging from 400 to 1,000 square feet each with its own in suite restroom and reserved parking. The property also includes a common area central garden style courtyard and is situated in a desirable location in the Fletcher Hills area. Conveniently located with excellent access to Highway 125 and Highway 67, this property provides an abundance of amenities for the tenants.
Our dedicated agents played a pivotal role in this transaction ensuring a seamless and satisfying experience for both the seller and buyer. Gino Kalasho and Brian Jenkins represented the seller, Thomas J. Dechant Separate Property Trust Dated 8/18/06 & Daniel Kannon. The Buyer, Asset Security Consulting, LLC was represented by Rafi Gorges of Realty Executives Dillon. Robert Shaw with Chicago Title and Tyler Smith with Fidelity National Title assisted with the transaction.
In the face of a challenging economic climate characterized by a slow buyer's market, our unwavering dedication and efficient communication were instrumental in bringing about a harmonious agreement that left both parties extremely pleased.
"Our commitment to excellence and effective communication led to a smooth transaction where both the seller and buyer achieved their desired outcomes," stated Gino Kalasho, Senior Vice President.
Thomas Dechant and Daniel Kannon, both high profile investors, hired CAA to assist in the process of attaining qualified tenants and to find motivated buyers to acquire 2340 Tampa Avenue. With the property being 100% occupied, Gino Kalasho and Brian Jenkins with CAA were then able to utilize CAA's in-depth database and marketing strategies to procure multiple offers and execute a successful sale.
The sale of 2340 Tampa Avenue represents a significant milestone for Thomas Dechant and Daniel Kannon, as it is potentially set to expand their portfolio for new investments in the future.
"With our client's successful transaction, they have not only secured a seamless transaction but also established future investments in other markets” highlighted Gino Kalasho, representing the seller.
Commercial Asset Advisors remains committed to providing exceptional real estate solutions, even in challenging market conditions. This transaction exemplifies our dedication to helping clients achieve their investment goals and expand their real estate portfolios.
Additionally, CAA has represented multiple buyers and sellers in all product types this year all over San Diego County, demonstrating the firm's ability to maximize values regardless of product type, location, or situation.
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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 1,500 sale and lease transactions totaling over $1.5 billion in consideration. CAA provides unmatched customer service and strategic advice in all areas, asset types, and transaction structures.