Lee & Associates Closes $3.9 Million Industrial Sale in Oceanside
Torrance, CA – October 3, 2012 – (RealEstateRama) — Lee & Associates, one of the largest broker-owned commercial real estate firms in the country, has closed the sale of a 45,000-square-foot industrial property located at 3923 Oceanic Drive in Oceanside, Calif.
Greg Pieratt and David Howard, principals with Lee & Associates’ North San Diego County office represented the buyer, Precision One Ventures, Inc., in the transaction. The property was not listed. Greg Pieratt and David Howard sourced the property specifically for the buyer and successfully negotiated the transaction without the property going on the market.
“Greg Pieratt of Lee and Associates immediately understood we had very specific needs and began searching diligently for properties that met that demand. There was nothing listed on the market close to our needs so he pursued other unlisted options. Greg worked hard with both parties to make a deal on this that made sense to both of us,” stated CEO John Tyszka.
“Precision One Ventures has nearly tripled the size of its manufacturing operation with this move and is excited to continue its strong growth,” Tsyzka concluded. Precision specializes in manufacturing dental and medical parts and prides themselves in quality, reliability and supreme customer service.
Precision One Ventures will occupy approximately 70 percent. During the transaction a new tenant signed a lease for the balance of the property. “Through their efforts we were able to complete an important and complex transaction with minimal effort on our end. This allowed us to keep the balance of our focus on our business,” said Tyszka.
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-associates.com.
