La Mesa FedEx Building Sells for $2.485 million, CAA Announces
LA MESA, Calif. (Feb. 8, 2022) — A La Mesa building occupied by a FedEx Office Print & Ship Center sold for $2,485,000 on Jan. 5, 2022, Commercial Asset Advisors announced.
The property is located on the prime, Jackson Drive retail corridor. The 6,372-square-foot retail building is on a .99-acre lot at 5304 Jackson Drive, La Mesa, CA 91942.
Mike Conger and Brian Jenkins of Commercial Asset Advisors represented the buyer, Majid and Negar Shabaz. Spencer Kerrigan and Mark Caston of Voit Real Estate Services represented the seller, MRD Hillcrest, LLC.
CAA assisted the buyer in obtaining this income-producing asset, with a triple net/NNN lease structure, in a highly competitive market.
“Triple-net investments are one of the most competitive asset types on the market right now,” said CAA Principal Brian Jenkins. “We were able to assist our client in navigating a best and final process, and secure a great asset, in a growing submarket with strong fundamentals.”
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.
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.
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.