Ryan Litrich, a principal with Lee & Associates’ North San Diego County office, represented the seller, Butte Properties in the transaction. Cushman & Wakefield represented the buyer, JWCI Chula Vista, LLC.
Litrich mentioned that he received multiple offers on this property and that this was an all-cash transaction. “This was another terrific example of our company selling outstanding, investment grade Southern California real estate at record breaking prices. This 24-hour CVS location sits at a great corner and over 165,000 people reside within three miles.”
Tenants in the adjacent retail center include Starbucks and Gamestop. The CVS property is situated across the street from the South Bay Marketplace shopping center and major retailers in the immediate area include Target, Wal-Mart, Ross and Best Buy.
About Lee & Associates
Celebrating more than 33 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 46 locations across the nation including Arizona, California, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Michigan, Missouri, Nevada, New Jersey, New York, South Carolina, Texas and Wisconsin. With a roster of nearly 700 expert brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at http://www.lee-