April 17, 2019
A 73,000-square-foot industrial building in Poway, CA has traded hands for $15.95 million. Lee & Associates-Newport Beach’s Jim Snyder and Patrick Lacey represented the buyer, SOCAL Stowe, LLC, of 13450 Stowe Dr. (pictured).
The property is 100% occupied by one tenant and the buyer, which purchased the property as an investment. Features include a high image building on a 4.3-acre land parcel, with dock high and ground level loading, 24-foot warehouse clear height and fire sprinklers.
Cushman & Wakefield’s Bryce Aberg, Jeff Cole and Jeff Chiate represented the undisclosed seller.
In a second deal, a 5,911-square-foot creative flex condo located at 30 Maxwell, in Irvine, CA, sold for $2,142,737. The buyer, 30 Maxwell, LLC, was represented by Lee & Associates’ Steve Heimuli and Tim Walker. The seller, Wimbrow Properties, was advised by Lee & Associates’ Dale Camera.
For comments, questions or concerns, please contact Dennis Kaiser