California industrial sold for less than $6M

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.

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