SAN DIEGO – Cassidy Turley San Diego, the region’s market leader in commercial real estate services, today announced the $1.6 million, all cash sale of the Lakeshore Manor Apartments in Lakeside.
Located at 12369 Lakeshore Drive, the property totals 11,856 square feet in three, two-story garden-style buildings. The property was built in 1986 and consists of 20 one- and two-bedroom units.
“This transaction was unique in various aspects: 1) there were five offers on the property, 2) it was under contract in less than two weeks, 3) the final sale price was higher than the original list price and 4) the transaction closed in 17 days,” said Hunter Combs of Cassidy Turley San Diego. Combs, along with his colleague Ray Adams, represented the seller, JASNDAV, LLC, in the transaction.
Terry Moore of ACI Commercial represented the buyer, MOT I, LLC.
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,600 professionals in more than 60 offices nationwide. The company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $22 billion in 2011, manages 455 million square feet on behalf of institutional, corporate and private clients and supports more than 28,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. Cassidy Turley enhances its global service delivery outside of North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets. Please visit www.cassidyturley.com for more information about Cassidy Turley.
Cassidy Turley provides regional real estate services with local market leader Cassidy Turley San Diego. The company’s dominant market presence includes more than 160 professionals and staff in five local offices and recorded more than $1.2 billion in transactions in 2011. For more information about Cassidy Turley San Diego, please visit www.cassidyturley.com/sandiego or contact Dan Broderick, President and CEO of Cassidy Turley San Diego.