California industrial sold for less than $6M

Partnership makes purchase in San Diego suburb

Brokerage Grubb & Ellis/BRE Commercial this week announced the sale of a multitenant industrial building outside San Diego, Calif. The value of the transaction was $5.8 million. Located at 100 North Magnolia Ave. in El Cajon, the property comprises 40,910 square feet. A joint venture between Pacific Fletcher Parkway LP and Gloria M. Schiff Family Trust purchased the asset from Burer Family Investments LP. *** What's your opinion? Leave your comments below or send a letter to the editor. ...