Real Estate
Industrial Building Near SR-78 In San Marcos Sells For $5.57 Million
The 21,867-square-foot building, occupied by two tenants, is at 692-694 Rancheros Drive.
April 5, 2022
A San Marcos industrial building has sold for $5.57 million, according to a San Diego real estate brokerage.
Find out what's happening in San Diegofor free with the latest updates from Patch.
The 21,867-square-foot building, occupied by two tenants, is at 692-694 Rancheros Drive.
The buyer, Rider Street, LLC, was represented by Mike Conger and Brian Jenkins of Commercial Asset Advisors along with Joe Anderson of JLL. The seller, Nova Wings, LLC, was represented by Alex Jize and Christopher Moussa of Voit.
Find out what's happening in San Diegofor free with the latest updates from Patch.
Conger said many regard industrial properties in San Diego County as “trophy assets.”
“We are already seeing demand outstripping supply – and that’s likely to continue, with few industrial projects being built in San Diego County outside of Otay Mesa,” he explained.
Times of San Diego is an independent online news site covering the San Diego metropolitan area. Our journalists report on politics, crime, business, sports, education, arts, the military and everyday life in San Diego. No subscription is required, and you can sign up for a free daily newsletter with a summary of the latest news.
