Daniel Knoke, Peter Merz, Marko Dragovic and Isaac Little of Lee & Associates-North San Diego County represented the seller, Thornton Technology, Inc.
“Thornton Technology leased back 50% of the property for an undisclosed period of time,” said Knoke. “As the supply for industrial buildings within the range of 50,000 square-feet continues to diminish in North San Diego County, the demand continues to increase.”
The facility is located on 2.87 acres of land which includes a large fully secured parking lot/yard with immediate access to Hwy 78. The building consists of 12% office, 50% of a R&D and production area, and an excess of 35% warehouse with grade level loading.
The buyer, Spike LLC, plans to hold the property as a long-term investment. Justin Beattie of Palomar Commercial represented the buyer.
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