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August 6, 2020 Comments Off on Marcus & Millichap Handles Escondido Net-Lease Deal Views: 429 California News, San Diego

Marcus & Millichap Handles Escondido Net-Lease Deal

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A 10,566-square-foot net-leased property in Escondido occupied by UMA Solar Distributors traded hands for $1,875,000. San Diego-based KA Shores, LLC acquired the asset from an unnamed private trust from Hawaii.

Marcus & Millichap’s Ben Tashakorian and Bradley Peters had the exclusive listing to market the property on behalf of the seller. The buyer was secured and represented by Tashakorian and Peters, as well.

The property, located at 236 N. Hale Ave., was 100% leased to UMA Solar Distributors, which has occupied the property since 2014. The building includes a 14,000-square-foot fenced yard that is subleased to a different tenant. The buyer was drawn the Escondido industrial submarket’s low vacancy numbers.

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