Skip to main content Skip to footer

Santee Manufacturing Buildings Fetch $4.9 Million

Magnoliahero

Magnoliasearch 

Two manufacturing buildings in Santee sold for $4.85 million, or approximately $133 per square foot, to Zuantasnid Ltd., according to CoStar Oct. 14.

Pat Geary from Commercial Equity Growth Advisors (CEG) represented the seller, private investor Pearl & Herschel LLC. Evan McDonald from Colliers International Inc. represented the buyer. CEG will continue to handle property management responsibilities at both buildings.

Totaling 36,345 square feet, the facilities at 8745 and 8747 N. Magnolia Ave. were originally built in 1973. The properties contain both warehouse and office space as well as an adjacent yard space and parking for tenants. It was 100 percent occupied at the time of the sale with four tenants.

The manufacturing buildings sit on two acres less than 12 miles from San Diego State University. They also sit adjacent to State Routes 52 and 67.

alexandra_applegate@dailyjournal.com

By: Alexandria Applegate

Related Experts

Evan McDonald

Executive Vice President

San Diego

Evan McDonald is an Executive Vice President with Colliers International in the San Diego Region. Evan specializes in the sale and leasing of Industrial/R&D properties with an emphasis in the Central San Diego submarkets. He provides industrial facility solutions on a local, regional, national, and global level for private and institutional clients.

Evan has superior market knowledge and experience in all aspects of the commercial real estate cycle. He has provided his clients with the highest level of service excellence, successfully helping them achieve their individual business and financial goals. He has proven that persistence and hard work are the foundation for trust and long-term relationships, which has built him a reputation as a top tier commercial broker in his area of expertise. Evan has consistently been one of the Top Producers in the San Diego region year after year. Evan  has also been awarded within the Colliers’ Everest Club, which recognizes the top 10% of all Colliers professionals in brokerage, valuation and corporate solutions across the U.S. business based on revenue production.

View expert