ESCONDIDO - San Diego, CA (November 15, 2024) – The highly visible multi-tenant retail center right off the 78-freeway located at 309-357 W Mission Avenue and 765 N Escondido Blvd. in Escondido, CA sold on October 28, 2024, Commercial Asset Advisors announced.
Mike Conger, and Brian Jenkins of Commercial Asset Advisors represented the Seller, PWI EMC. The Buyer, White Board Poway Associates LLC was represented by Chase Pelton of Pacific Coast Commercial. Robert Shaw of Chicago Title assisted with the transaction.
"This sale marks the culmination of a comprehensive, value-add strategy we crafted for our client when we initially identified this property as a strategic acquisition," said Mike Conger, Principal. "By securing the purchase of the leased building improvements and spearheading the off-market acquisition of the land, we unlocked significant value leading to an outsized cash on cash return for the client. Offering the property as a fee simple opportunity for the first time, combined with repositioning, strategic leasing, and an aggressive sales campaign, maximized its potential through our fully integrated brokerage approach."
CAA has represented multiple buyers and sellers in all product types this year all over San Diego County, demonstrating the firm's ability to maximize values regardless of product type, location, or situation.
For additional information, contact:
Mike Conger, CAA Principal (DRE Lic. # 01381193), at mike@caacre.com
Brian Jenkins, CAA Principal (DRE Lic. # 01814828), at brian@caacre.com
#sandiegocre #investments #cre #sandiego #NAIOP #costar #loopnet #commercialrealestate #commercialassetadvisors #caacre #strategicinvestments
#EscondidoRealEstate #RetailCenterSold #FreewayAdjacentProperty #ValueAddStrategy #RealEstateInvestment #EscondidoCA #CaliforniaRealEstate #InvestmentStrategy #OffMarketAcquisition #FeeSimpleOpportunity #RealEstateTransactions #CRESuccess #CommercialPropertySale #RealEstateDeals
About Commercial Asset Advisors
Commercial Asset Advisors is a San Diego-based commercial real estate brokerage that specializes in serving the unique needs of individual private clients, as well as family offices, corporate, institutional, nonprofit and national organizations. As a full-service CRE firm, our team has assisted property owners from Central San Diego, North County, East County, South County and beyond to maximize the value of their investments including office, retail, industrial, apartment and multi—family, mixed-use projects, ground-up development tenant representation and much more. With experience earned through exceptional hard work, CAA has successfully completed over 1,500 sale and lease transactions totaling over $1.5 billion in consideration. CAA provides unmatched customer service and strategic advice in all areas, asset types, and transaction structures.
Comments