X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ESCONDIDO, CA-A two-building industrial complex in Escondido has traded hands for $3.4 million.

Pinamonti Investments has acquired the 42,871-sf property, known as LinMar Center. Located on a 2.37-acre parcel at 1914-1924 W. Mission Rd., the complex was completed in 1980. Renovated in 2001, the multi-tenant industrial park consists of units that range from 1,440 sf to 8,463 sf. It is 96% leased, with tenants including Boomers Modern Floors, Coast Manufacturing Inc. and Q-tech Computers.

Joe McDermott of Coldwell Banker Commercial, along with Jay Alexander and Daniel Knoke of Colliers International acted on behalf of Pinamonti Investments. The same brokerage team also represented the seller, LinMar LLC.

The deal follows on the heels of another industrial transaction in San Diego County, in which Sammy Holding Co. Inc. and the San Diego Union-Tribune inked separate leases for 67,000 sf at NorthPointe Tech Center in Carlsbad. The transactions have a combined value of $6.7 million.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.