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San Diego
Tuesday, Sep 27, 2022
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Progress Report



SALES

Property: 3001 University Ave., San Diego.

Seller: Essel Enterprises, LLC.

Selling agents: Dan Malcolm of Retail Properties Group, Inc. represented the buyer and seller.

Buyer/square footage: SEC North Park, LLC purchased a 22,495-square-foot, multi-tenant shopping center for $3.3 million.

Property: 2470 Ash St., Vista.

Seller: Foster Vista, LLC.

Selling agents: Mike Erwin of Grubb & Ellis/BRE Commercial represented the buyer and Mark Emerick and Andy Melzer of Grubb & Ellis/BRE Commercial represented the seller.

Buyer/square footage: Ascend Realty Services purchased a 39,170-square-foot industrial building for $3.2 million.

Property: 8724 Approach Road, San Diego.

Seller: One Piper Ranch.

Selling agents: Chris Holder of Burnham Real Estate represented the buyer and Darren Mullins, Louay Alsadek and Erik Parker of Grubb & Ellis/BRE Commercial represented the seller.

Buyer/square footage: L & C; Food Co. purchased 2.2 acres for $2.5 million.

Property: 7578 Trade St., San Diego.

Seller: Katakalidis Family Trust.

Selling agents: Michael Abernathy of Voit Commercial represented the buyer and Glenn Arnold and Kelly Nicholls of Grubb & Ellis/BRE Commercial represented the seller.

Buyer/square footage: Alphacom Distribution, Inc. purchased a 7,424-square-foot industrial building for $977,000.

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LEASES

Property: 523 Encinitas Blvd., Suite 100, Encinitas.

Lessor: North Coast Business Park.

Leasing agents: Stephanie Schaefer, Dan Tate and Michael Dyer of Burnham Real Estate/Oncor International represented the lessor and Joe Yetter of Grubb & Ellis/BRE represented the lessee.

Lessee/square footage: Auto Parts Pros LLC signed a five-year, $761,880 lease for 6,014 square feet of office space.

Property: 6361 Yarrow Drive, San Diego.

Lessor: Palomar Associate Ltd.

Leasing agents: Ken Dubs of Dubs & Co. represented the lessor and Rusty Williams of Lee & Associates represented the lessee.

Lessee/square footage: Art in Aluminum signed a five-year, $157,657 lease for 3,214 square feet of industrial space.

Property: 1582 W. San Marcos Blvd., Suite 201, San Marcos.

Lessor: Hyspan Precision.

Leasing agents: Charles Currey of GVA IPC represented the lessor and lessee.

Lessee/square footage: Shishir N. Shah signed an eight-year, $347,040 lease for 2,556 square feet of office space.

Property: 10465 Roselle St., San Diego.

Lessor: Sorrento Associates.

Leasing agents: Zack Jacobs and Charles Currey of GVA IPC represented the lessor and Chuck Ekstrom and Tom Poser of GVA IPC represented the lessee.

Lessee/square footage: Advanced Window signed an 18-month, $10,000 lease for 800 square feet of retail space.

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