Automobile service center property trades between investors in Escondido
SAN DIEGO – September 2020 – Colliers International San Diego Region announces the sale of the Valley Parkway Auto Service Mall, a 34,111-square foot automobile service center property located in North San Diego County’s City of Escondido for $3,600,000.
Bill Barnett and Doug Hogan of Colliers International San Diego Region represented the seller, Buster Family Trust and the buyer, Cohen EVP, LLC.
“Highly visible and accessible from a major thoroughfare, this site boasts abundant parking and is easily walkable to nearby amenities,” said Barnett. “Already fully leased, this property is located in a prime area with one of the most diversified economies in the San Diego Region.”
Valley Parkway Auto Service Center is comprised of four multi-tenant industrial/retail buildings located on 2.33 acres at 2109-2127 East Valley Parkway, Escondido, CA.
About Colliers International Group
Colliers International (NASDAQ, TSX: CIGI) is a leading global real estate services and investment management company. With operations in 68 countries, our 14,000 enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate occupiers, owners and investors. For more than 20 years, our experienced leadership team, owning more than 40% of our equity, have delivered industry-leading investment returns for shareholders. In 2018, corporate revenues were $2.8 billion ($3.3 billion including affiliates), with more than $26 billion of assets under management. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.
For further information, please contact:
Kenneth Moore
858-682-4383