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Monday, Jan 30, 2023
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Progress Report



SALES

Property: Corner of South Twin Oaks Valley Road and Discovery Street, San Marcos.

Seller: Twin Oaks Street Partnership.

Selling agents: Karen Fuller and Todd Davis of Grubb & Ellis represented the buyer and seller.

Buyer/square footage: Archstone Smith/Ameritron purchased lots totaling 5.83 acres for $4.1 million.

Property: 1102 E. Third St., National City.

Seller: Belton and Patricia Allen.

Selling agents: Narciso Eugenio of Eugenio Realty represented the buyer and Terry Moore of ACI Commercial represented the seller.

Buyer/square footage: Namerito and Catherine Dungca purchased a 16-unit apartment property for $1.6 million.

Property: 1820-1838 Coronado Ave., Imperial Beach.

Seller: Rosetta Family Investments LLC.

Selling agents: Tucker Hohenstein of Burnham Real Estate represented the buyer and Andy Melzer and Mark Avilla of Grubb & Ellis represented the seller.

Buyer/square footage: Zip Code Properties Inc. purchased an 8,000-square-foot office building for $1.5 million.

Property: 240-244 S. Thorne St., Oceanside.

Seller: Mark Cuffel and Ronan Bernal.

Selling agents: Scott Dragos of Marcus & Millichap represented the buyer and Chris Zorbas, Chris Rogers and Jeff Gabele of Marcus & Millichap represented the seller.

Buyer/square footage: Tucker Trust purchased an eight-unit apartment property for $1.3 million.

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Property: 4328 McClintock St., San Diego.

Seller: Lucy Nannizzi.

Selling agents: Kevin Wells of Realty Executives represented the buyer and Geoff Koontz of ACI Commercial represented the seller.

Buyer/square footage: Richard Parker purchased a seven-unit apartment property for $1.2 million.


LEASES

Property: 7940 Arjons Drive, San Diego.

Lessor: Ming and Marjorie Lien.

Leasing agents: Dean Asaro of CB Richard Ellis represented the lessor and lessee.

Lessee/square footage: San Diego Cash Register, Inc. signed a two-year, $346,602 lease for 16,360 square feet of commercial space.

Property: 1740 La Costa Meadows, San Marcos.

Lessor: Piccioni Family Trust.

Leasing agents: Ken Dubs Sr. of Dubs and Co., Inc. represented the lessor and Kenneth Dubs Jr. of Dubs and Co. represented the lessee.

Lessee/square footage: Rancho del Rey Christian Church signed a five-year, $634,354 lease for 15,520 square feet of industrial space.

Property: 10188 Telesis Court, 200-230, San Diego.

Lessor: Shidler Group.

Leasing agents: Eric Northbrook and Mike Hoeck of Cushman & Wakefield represented the lessor and Stephen Rosetta and Richard Hardy of Cushman & Wakefield represented the lessee.

Lessee/square footage: SAS Institute, Inc. signed a 68-month, $1.9 million lease for 10,700 square feet of office space.

Property: 10188 Telesis Court, 165, San Diego.

Lessor: Shidler Group.

Leasing agents: Brigham Black of the Shidler Group represented the lessor and Eric Northbrook of Cushman & Wakefield represented the lessee.

Lessee/square footage: Commonwealth United Mortgage Co. signed a three-year, $610,602 lease for 6,830 square feet of office space.

Property: 916 Broadway, El Cajon.

Lessor: Lowell Family Trust.

Leasing agents: Brian Jinings of ECP Commercial represented the lessor and Patrick Quinn of IPC Commercial represented the lessee.

Lessee/square footage: Bimbo Bakeries signed a five-year, $220,005 lease for 2,600 square feet of retail space.

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