Lee & Associates Negotiates $6.2 Million 10-Year Office Lease

Temecula property will be used for a K-12 charter school
 
 
43040 Margarita Road in Temecula, Calif.
43040 Margarita Road in Temecula, Calif.
Sept. 13, 2010 - PRLog -- Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has completed a 10-year lease of a 38,600-square-foot office building located at 43040 Margarita Road in Temecula, Calif.  The value of the lease is approximately $6.2 million.

Rick Marcus, CCIM of Lee & Associates-North San Diego County represented the landlord LSMS Investments. The tenant, River Springs Charter School, was represented by Mission Realty and will be using the property for a K-12 charter school.

According to Marcus, the property was initially built as a professional medical plaza. “The center appealed to the tenant because it was conveniently vacant and offered favorable qualities that included the ideal size, layout and location for the school.”
End
Source:The Hoyt Organization
Email:***@hoytorg.com Email Verified
Phone:310-373-0103
Zip:90505
Tags:Lee & Associates, Real Estate, San Diego, Temecula
Industry:Real Estate
Location:Torrance - California - United States
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse



Like PRLog?
9K2K1K
Click to Share