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Lemon Grove Industrial Building Acquired for $4 Million, CAA Announces


LEMON GROVE - San Diego, CA (Oct 3, 2023) – Commercial Asset Advisors announced a rare 15,000 square foot industrial building located at 6530 Federal Blvd., Lemon Grove, CA 91945 sold for $4,000,000 on September 21, 2023.


The building features incredible power, high-capacity gas service, and is uniquely functional. Mike Conger and Brian Jenkins of Commercial Asset Advisors represented the Buyer, Salzedo & Salzedo LLC. The Seller, 6530 Federal Boulevard LLC was represented by Mick Toller and Robbie Cornell of Toller Cornell Commercial Real Estate.


This transaction allowed our client to reduce their effective occupancy costs while controlling their future and building equity. I am privileged to not just be selling buildings; but facilitating strategic investments that lay the foundation for future success for many companies throughout San Diego.” Mike Conger remarked.


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 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 1,500 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.


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