SAN MARCOS, Calif. (March 31, 2022) — A San Marcos industrial building sold for $5,575,000 on March 18, 2022, Commercial Asset Advisors announced.
The 21,867-square-foot building is occupied by two tenants and located at 692-694 Rancheros Dr., San Marcos, CA 92069.
The buyer, Rider Street, LLC, was represented by Mike Conger and Brian Jenkins of Commercial Asset Advisors along with Joe Anderson of JLL. The seller, Nova Wings, LLC, was represented by Alex Jize and Christopher Moussa of Voit.
“Industrial assets in San Diego County are now what most would consider to be trophy assets,” said CAA Principal Mike Conger. “We are already seeing demand outstripping supply – and that’s likely to continue, with few industrial projects being built in San Diego county outside of Otay Mesa.”
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.
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.