A 7,100 square-foot building on a 0.73-acre parcel in Spring Valley has been sold for $1.1 million, according to a real estate brokerage.
Ben Tashakorian, senior managing director, investments, and Tyler Brown, an investment specialist in Marcus & Millichap’s San Diego Del Mar office, represented the seller, the Storrs Family.
The buyer, Yaseyyedi Family Trust, a private investor, also was represented by Tashakorian and Brown.
“The property consists of 5,000 square-feet of covered storage and warehouse space, 2,100 square-feet of office and an additional 20,000 square feet of commercial yard,” Tashakorian said.
The tenant occupies 100% of the space, according to Brown, with a construction contracting operation. A new lease was secured for the buyer at the close of escrow.
Marcus & Millichap (NYSE: MMI), a commercial real estate brokerage firm, specializes in investment sales, financing, research and advisory services.
