Beta brokers sale of CVS Pharmacy building in San Diego, CA for $5.79 million

Adam Friedlander

 San Diego, CA – Beta Agency, a leading commercial real estate brokerage and advisory firm, has completed the sale of a 16,972-square-foot freestanding CVS Pharmacy.

 The recently sold building is situated on a 2.59-acre parcel located at 14589 Camino Del Norte in San Diego, CA. The sale price was $5,798,529.00.

 

Adam Friedlander, Senior Vice President of Beta Agency, represented the buyer, who is a local private high-net-worth investor. The Seller, Tian Ren Di, LLC, was represented by Connor Olandt of Matthews REIS.

 

 Connor Olandt

“Beta Agency was able to source a local, private Buyer that was attracted to this high profile, CVS pharmacy due to it’s strong in place cash flow day one, underlying real estate fundamentals and long primary lease term remaining,” said Friedlander.

“There is limited drugstore competition from newer freestanding stores in the area.

 The Buyer was able to secure the property by committing to a short due diligence period and an all-cash offer. This will be a legacy asset that the Buyer will hold and pass on to future generations.”

CVS Pharmacy building, 
          14589 Camino Del Norte,
                San Diego, CA

With a 2020 population of 1,386,932, San Diego is the eighth-most populous city in the United States. The city is known for its mild year-round climate, extensive beaches and parks, its long association with the United States Navy and a recent emergence as a healthcare and biotechnology development center.

 San Diego is the second largest city in the state of California, after Los Angeles

 

Contact:

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”

 

JLL Capital Markets welcomes Dean Sands to its retail investment sales and advisory team

 

Dean Sands 

WASHINGTON, DC–  JLL Capital Markets announced Dean Sands has joined the firm’s Retail Investment Sales and Advisory Team as a Managing Director in the Washington, D.C. office.

 

Sands will report to Senior Managing Directors and co-heads of JLL’s Washington, D.C. office, Andrew Weir and Jamie Leachman.

 

Andrew Weir

“We are thrilled to have Dean join JLL in our D.C. office,” said Weir and Leachman. “He is bringing a wealth of knowledge in the retail landscape and will be a valuable resource to both our team and clients in this role.”

 

Sands will join Managing Directors Jordan Lex and Bill Moylan, as well as Director Danny Naughton, in a move to establish a deep bench of retail capital markets advisors serving the Mid-Atlantic region.

 

“We look forward to Dean joining the team and leveraging his significant retail experience, expertise and relationships to better serve our clients,” added Lex.

 

Sands was previously a Principal at Avison Young, where he concentrated on retail investment sales for two years.

 

Prior to joining Avison Young, Sands spent almost 18 years with Eastdil Secured, beginning as an analyst in 2002 and ultimately becoming a Director with a focus on office and retail transactions.

 

Jamie Leachman

Sands has executed over $12.6 billion of transactions, ranging from joint ventures, asset sales and debt placement, both nationally and abroad.

 

“I am very pleased to be a new member of the JLL Capital Markets team and look forward to utilizing the firm’s well-established and industry-leading retail platform to best serve both current and future clients,” said Sands.

 

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization.

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.

 

Contact:

 

 Jenna Sharp

 Public Relations, Associate

Phone: +1 214 394 3356

Email: Jenna.Sharp@jll.com