Lake Elsinor, CA (November 20, 2024) – Commercial Asset Advisors is pleased to announce the successful sale of a freestanding retail/office building to a local investor. The building totaling 6,500 SF located at 31641 Auto Center Drive in Lake Elsinore, Ca 92530 sold for $1,594,573 on October 29, 2024. The building will undergo new cosmetic improvements and repositioning in the coming months.
CAA’s dedicated agents, Brian Jenkins and Chris Bonar of Commercial Asset Advisors represented both the Seller, Scott and Terry Holmes, and the buyer, Guzman Living Trust, ensuring a seamless transaction from start to finish. Rob Shaw of Chicago Title Company assisted with Escrow.
“We are thrilled to have facilitated a successful transaction to a local investor in Lake Elsinore, assisting with their up-leg in a 1031 exchange. This was a great opportunity for the buyer, looking for a property close to home. The Seller was able to achieve a smooth and quick closing, while also benefiting from some tax efficiencies.” stated Chris Bonar, Sales Associate. “Our commitment to transparent communication and our ability to adapt to this challenging real estate market ensured that both our clients' goals were met, resulting in a favorable outcome for everyone involved.” stated Brian Jenkins, CAA Principal.
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:
Chris Bonar, Sales Associate (DRE Lic. # 02097389), at Chris@caacre.com.
Brian Jenkins, Principal (DRE Lic. # 01814828), at Brian@caacre.com.
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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.
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