Oceanside, CA – November 28, 2018 – Lee & Associates, one of the largest national commercial real estate firms, has completed the $4,450,000 sale of a single tenant net leased retail building occupied by Navy Federal Credit Union. The approximately 6,788-square foot retail building, built in 1992, is located at 4180 Avenida De La Plata in Oceanside, CA in North San Diego County.
Navy Federal Credit Union has operated at this location since 1992 (26 years) reflecting their success at this location. The tenant recently renewed their lease for an additional 10 years, extending the term through May of 2028, reaffirming their commitment to the site.
The property is centrally situated within Oceanside’s Rancho Del Oro business park, which is known for its heavy population of industrial, bio-tech and manufacturing companies. The area serves as home to some of the industry’s biggest names such as Genentech, FedEx, Gilead, Hydranautics, Coca-Cola, Titleist, and many more.
Ryan Barr & Ryan Bennett of Lee & Associates – North San Diego County team, represented the seller, Plata Property, LLC. The buyer, Lucas Revocable Trust, was represented by HC&M Commercial Properties.
Barr & Bennett Net Leased Investment Group, a Lee & Associates team, specializes in the acquisition and disposition of net leased assets nationwide.