Pacific Coast Commercial is pleased to announce the successful sale of an industrial property located at 10445 Prospect Avenue, Santee, CA 92071. This transaction marks a significant milestone in the local real estate market, showcasing the potential and allure of yard space in Santee.
Representing the sellers, Nick Mane and Ken Robak of Pacific Coast Commercial, along with Rex A. Huffman of VOIT Real Estate Services representing the buyer, WELLSPROSPECTIVE LLC, facilitated the seamless transfer of this property.
Spanning 37,026 square feet, this property includes a 1,600 square foot office building and a 1,600 square foot covered area, making it an ideal choice for a contractor's facility yard. The property's versatile layout and ample space set the stage for a multitude of business endeavors.
The sale was finalized at a sale price of $2,147,500 in an all-cash transaction, emphasizing the desirability of the property. The close of escrow occurred on September 22, 2023, through the dedicated efforts of Fidelity National Title, with Samantha Maestas and Jeffrey Razi, ESQ., managing the title aspects of the transaction.
Ken Robak, Co-Founder of Pacific Coast Commercial, commented on the significance of this sale, stating, "This property presented a unique opportunity for both buyer and seller. Its prime location and versatility make it a valuable addition to Santee's industrial landscape."
Nick Mane, Associate Vice President of Pacific Coast Commercial, added, "The speed at which this transaction closed, along with the enthusiasm from both parties, highlights the strength of the industrial real estate market in Santee."
The property's historical significance cannot be understated, as it came on the market for the first time in nearly 50 years. Nick Mane added, “This was the Seller’s first property that they bought, starting their spree of buying commercial property throughout San Diego.”
This sale exemplifies the continued growth and investment opportunities in Santee's industrial sector, making it an exciting prospect for investors and businesses alike.
For more information on this transaction or other industrial properties in Santee, please contact Ken Robak and Nick Mane at Pacific Coast Commercial at 619-469-3600 or via email at Nick@PacificCoastCommercial.com.
About Pacific Coast Commercial:
Pacific Coast Commercial is a leading full-service San Diego commercial real estate brokerage firm specializing in sales, leasing, and investment. With extensive experience and a commitment to excellence, Pacific Coast Commercial delivers customized solutions for clients across a range of industries, from local businesses to national corporations.
For Media Inquiries:
Ken Robak & Nick Mane
Pacific Coast Commercial
Phone: 619-469-3600
Email: Nick@PacificCoastCommercial.com