1/23/2009

Industrial building in San Diego area sold, leased

by
A 133,000 square foot industrial building in southern California has been sold for $15 million and immediately leased to a new tenant for $6.6 million.

DEI LLC bought the structure on 2.59 acres at 12400 Stowe Drive in Poway from Hunter Douglas. Grubb & Ellis|BRE Commercial represented the buyer while CresaPartners represented the seller.

The entire building has been leased for a five-year term by a new tenant, Cycle Express LLC, d/b/a National Powersport Auctions, which needed additional space because of its recent expansion. The company is relocating from its current location on Gregg Street in Poway into the larger space due to an expansion. Grubb & Ellis|BRE Commercial represented both the new owner and the new tenant.

Address: 12400 Stowe Drive, Poway, Calif.

Size:133,000 square feet

---

Filed Under: Industrial

E-mail this article to a friend | Printer friendly format| DIGG this| Post to del.icio.us

Comments on this article

No comments have been posted in the last 15 days!

Send us your comments on this article

* - Required fields Subject: * Message: * Contact Name: * Contact URL: Contact Email: * Write the characters in the image above:

Related Headlines

• Colliers International welcomes three brokers in California - 5/29/2009
• Texas hotel sells for $4.275M - 5/29/2009
• Massey Knakal lists NoHo retail building for $5.95M - 5/29/2009
• California industrial building sells for nearly $3 million - 5/29/2009
• NAI facilitates sale of Alaska mixed-use building - 5/28/2009
• Long Beach retail center commands $6.05M - 5/28/2009
• Florida land fetches $2.725M - 5/28/2009
• Marcus & Millichap list Virginia retail store for more than $10.2M - 5/28/2009
• Colliers Arnold stays busy in Tampa - 5/27/2009
• Colliers sells two buildings in California - 5/27/2009