SALES
Fair Oaks Valley LLC bought Old Town Center, a 30k SF mixed-use building (28544 Old Town Front St) in Temecula (above) for nearly $7.7M. The 100% occupied office and retail building is home to diverse tenants including Edge Restaurant, Crush & Brew, La Point Wealth Management, and Living Yoga Center. Colliers' Chuck Wasker and Kagan Commercial Real Estate's Mark Kagan repped the seller. Ashcraft Investment's Jim Ashcraft and Bill Harp repped the buyer.
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Fair Oaks Valley LLC bought 265 Santa Helena in Solana Beach, a 14k SF multitenant office building, from Propco LP for $4.3M as part of a 1031 Exchange. The two-story building sports an atrium design with a water feature and courtyard, and is 100% leased. CBRE's Paul Lafrenz and Melisssa Foster repped the seller. Ashcraft Investment's Jim Ashcraft and Bill Harp repped the buyer.
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Big Cat Investments bought a 7,751 SF free-standing office building, 3168 Lionshead Ave near Carlsbad Raceway in Carlsbad, from McIntyre Smith Holdings for $1.6M-plus. Colliers' Conor Boyle repped the seller. The buyer represented itself.
LEASES
Master Halco leased a 22k SF industrial property in El Cajon (485 N Raleigh Ave) in a deal valued at just under $2.5M. Lee & Associates' Rusty Williams and Chris Roth repped the tenant.
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Anon leased 1,540 SF of retail space, 4152 30th St in San Diego, for a hair salon. The 38-month lease includes two months' free rent. Pacific Coast Commercial's Martin Alfaro repped the tenant.
PROPERTY MANAGEMENT
Sunrise Management added five communities totaling 845 units to its Las Vegas portfolio.
EXECUTIVE NEWS
Vince Provenzano was named a partner and president of brokerage at Pacific Coast Commercial. Under his leadership of the brokerage division, the firm has set new internal sales and leasing records for three consecutive years.
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