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High Credit Tenancy Properties Land OC Investors
Two El Cajon properties located at 600 Broadway and 1830 Gillespie Way are long-term single-tenant net-leased assets with high credit tenancy. These East County investment properties totaling 42,817 square feet recently sold for a combined $12.73 million.
600 Broadway in El Cajon is a 17,000-square-foot medical office facility. The veterinary hospital is fully occupied by VCA Animal Medical Center on an absolute net lease. A private investment group based out of Orange County purchased the property for $8.6 million. Sam Sukut of Inland Pacific represented the buyer and Andrew Evans with Matthews Investment Real Estate represented the seller.
1830 Gillespie Way is a 25,817-square-foot food production and distribution facility. The property is wholly leased by Sunfood Super Foods on a long-term net lease. The buyer was a local group in an exchange and this was one of three properties in its upleg. Chris Nelson and Sukut of Inland Pacific represented the buyer, and Ryan and Jeremy Dentt of Dentt Properties represented the seller.
For comments, questions or concerns, please contact Lisa Brown
- ◦Sale/Acquisition
