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Saturday, May 18, 2024
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Sales and Leases



SALES

Peak LLC has purchased a 9,769-square-foot office building that is under construction from O.W. Commercial Inc. for $2,539,940. The structure is located at 3156 Lionshead Ave. in Carlsbad. Ryan Munson, Tucker Hohenstein and Darren Morgan of Burnham Real Estate represented the buyer. Dennis Visser, Mark Emerick and Aric Starck of Grubb & Ellis|BRE Commercial represented the seller.

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The Calahan Trust has sold a 5,987-square-foot building at 6942 University Ave. in La Mesa to 6942 LLC for $1,309,000. The property sits on 0.68 acres. Joseph Bonin of ECP Commercial represented the buyer. ECP’s Thomas Dechant represented the seller.

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An 86,920-square-foot research-and-development/flex building situated on 4.84 acres in Chula Vista has been purchased by Chula Vista Holdings Inc. for $16.5 million. The building is the North American headquarters of Hitachi Home Electronics (America) Inc. Harry Stone and Michael Mossmer of Voit Commercial Brokerage represented the buyer and seller.


LEASES

Front Street Commercial LLC has leased Evergreen Oil Inc. 9,000 square feet of industrial space for $436,123. The property, located at 412 Front St. in El Cajon, was leased for 60 months. James Renner of Inland Pacific Commercial Properties represented the lessor. Kelly Nichols and Kendra Van Note of Grubb & Ellis|BRE Commercial represented the lessee.

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Mission Brewery Plaza LP has leased 1,794 square feet of office space located at 1775 Hancock St. in Morena for $268,260 to IOA Insurance Services. The property is leased for 60 months. Debi McNamara of Mission Brewery Plaza L.P. represented the lessor. Chris Hobson and Andrew Ewald of Grubb & Ellis|BRE Commercial represented the lessee.

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Pure Frozen Yogurt has leased 1,280 square feet of retail space from Canyon Gateway LLC for $269,169. The property, leased for 60 months, is located at 555 Telegraph Canyon Road in Chula Vista. Mike Clark and Joe Yetter of Grubb & Ellis|BRE Commercial represented both lessor and lessee.

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Nordahl Marketplace LLC has leased 1,802 square feet of retail space to Loserkids Inc. for $227,268. The property is located at 709-755 Center Drive in San Marcos and was leased for 36 months. Bruce Schiff, Phil Lyons and Chad Iafrate of Grubb & Ellis|BRE Commercial represented the lessor. Loserkids Inc. represented itself.

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ACE Cash Express Inc. has leased 1,864 square feet of retail space from Magnolia Gateway LLC for $178,842. The property is located at 1551 N. Magnolia Ave. in El Cajon and is leased for 60 months. Mike Clark and Joe Yetter of Grubb & Ellis|BRE Commercial represented the lessor. The lessee had no representation.

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VLJ LP has leased 1,780 square feet of office space to Joni Labbe for $152,128. The property is leased for 54 months and is located at 4747 Morena Blvd. in Clairemont. Jack Kruger of Grubb & Ellis|BRE Commercial represented both lessor and lessee.

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Otay Commercial Partners LP has leased 7,570 square feet of industrial space from General Dynamics Information Technology located at 739 Design Court in Chula Vista, for $59,040. The property is leased for 12 months. Regan Tully of Grubb & Ellis|BRE Commercial represented the lessor. Kenneth Saltzman of Studley Inc. represented the lessee.

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Biomed Realty has leased 1,977 square feet of industrial space located at 3030 Bunker Hill Road in Pacific Beach, for $52,193 to Vaxiion Pharmaceuticals. The property is leased for 12 months. Brian Cooper of Burnham Real Estate represented the lessee. John Bonanno and Tracy Landowski of Grubb & Ellis|BRE Commercial represented the lessor.

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SD Biosciences has leased 700 square feet of industrial space from Biomed Realty for $8,400. The property, located at 3030 Bunker Hill Street in Pacific Beach, is leased for 6 months. John Bonanno and Tracy Landowski of Grubb & Ellis|BRE Commercial represented both lessor and lessee.

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Mobile Medicine Outreach has leased 582 square feet of office space from Jemm Family LP for $34,571. The property is located at 2171 El Camino Real in Oceanside and is leased for 36 months. Jeff Abramson and Mark Randall of Grubb & Ellis|BRE Commercial represented the lessor. Robert Penney of GVA/IPC Commercial represented the lessee.

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Otay Commercial Partners LP has leased 2,160 square feet of industrial space to CSI Technologies Inc. for $23,328. The property is located at 9830 Siempre Viva Road in Nestor and is leased for 12 months. Regan Tully of Grubb & Ellis|BRE Commercial represented the lessor. The lessee had no representation.

, Andrew Schweizer

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