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| Two multi-tenant industrial buildings, totaling 39,976 SF at 29980 Sky Canyon Drive and 29990 Technology Drive in Murrieta, CA. |
MURRIETA, CA
– Lee & Associates, a leader
throughout North America in commercial real estate services, has closed a
$4.9 Million sale transaction on two multi-tenant industrial buildings,
totaling 39,976 SF, located at 29980 Sky Canyon Drive and 29990 Technology
Drive in Murrieta, CA.
Matt Shaw and Blake Valdez of
the Lee &
Associates Temecula Valley office represented the seller,
Magnolia Industrial Park, LLC.
The buyer, Dunbar Investments, LLC, was
represented by Charley Black and Gordon Mize also
of the Lee & Associates Temecula Valley office.
“This transaction
represented a rare opportunity for Dunbar to acquire a quality, well-located
industrial park in a desirable market”, said Black.
The Lee & Associates
team of Shaw, Valdez, and Sam Robles were awarded the leasing assignment
on this property in June 2020 when the property was at a 23% vacancy.
During escrow, the
Leasing Team was able to stabilize the asset and bring the vacancy rate down to
almost 6% by the close of escrow.
ABOUT LEE & ASSOCIATES
Lee & Associates offers an array of real estate services tailored to meet
the needs of the company’s clients, including commercial real estate brokerage,
integrated services, and construction services.
Established in 1979,
Lee & Associates is now an international firm with offices throughout North
America.
Our professionals
regularly collaborate to make sure they are providing their clients with the
most advanced, up-to-date market technology and information.
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from Lee & Associates, visit lee-associates.com
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