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Multi-Tenant Retail Strip Center with Cell Tower Income in Spring Valley, CA Sells for $1.79 Million, CAA Announces


SPRING VALLEY - San Diego, CA (June 20, 2024) – Commercial Asset Advisors is pleased to announce the successful sale of a value-add strip center. The multi-tenant retail strip center totaling 7,164 SF located at 532-552 Grand Ave., Spring Valley CA 91977 sold for $1,790,000.00 on June 7, 2024. This retail center is one-story and 100% leased with six tenants and two cell towers producing additional income.


CAA's dedicated agents, Roc Beas, Senior Vice President and Brian Jenkins, Principal played a pivotal role in this transaction, representing both the seller, La Presa Trust and the buyer, Juan Coronado, ensuring a satisfying experience during the transaction. Rob Shaw and Cameron Aldrich of Chicago Title Company assisted with the transaction.


"Our team was able to navigate this volatile real estate market with an added complexity with the cell towers, to deliver a great result for both the buyer and seller. With our client's successful transaction, he has secured a retail strip center with 100% occupancy and immediate upside potential", stated Roc Beas, Senior Vice President.


Not only was this a beneficial acquisition for the buyer, but with the sale of 532-552 Grand Avenue, the seller has the option to exchange into another investment that is primed towards their specific requirements.


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.

 

For additional information, contact:

Roc Beas, Senior Vice President (DRE Lic. #01985515), at  Roc@caacre.com

Brian Jenkins, Prinicipal (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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