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Monday, Sep 26, 2022
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SR Commercial Buys Industrial, Office Properties for $6 Million

SR Commercial of Solana Beach has bought an Escondido retail-industrial property and a Murrieta office building for $6 million.

SR Commercial acquired the Escondido property, consisting of two buildings at 2120 and 2122 W. Mission Road, for $3.1 million, company officials said. The property, known as Nordahl Center and totaling 40,154 square feet, will be renamed Gateway@Mission.

The Escondido property, encompassing 2.11 acres, is 66 percent occupied by 11 industrial tenants.

SR Commercial also acquired a 39,140-square-foot, two-story office building at 38670 Sky Canyon Drive in Murrieta for $2.9 million. The property was built in 2008 as a speculative development and is vacant, although SR Commercial has secured an undisclosed 10-year tenant for the ground floor.

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The seller in both transactions was a private investor. The deals were brokered by Cassidy Turley, Colliers International and Coldwell Banker Commercial.

Renovations are planned at both locations, officials said.

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