ECP Facilitates Multi-Leg Exchange Totaling $11,075,000

Friday, August 8, 2014

Summary of Sale: 

Joe Bonin and Pat Geary of ECP Commercial recently facilitated a multi-leg exchange on
behalf of four (4) separate private investors, including three (3) properties totaling over
61,143 SF with a total consideration of $11,075,000. ECP was able to identify reinvestment
opportunities to meet each client’s individual investment objectives, while structuring
each transaction to accommodate the exchange timing of each party. All three assets are
stabilized and will be held for investment purposes.

The properties include:

6101-6193 Lake Murray Blvd in La Mesa: 42,624 SF multi-tenant retail center anchored
by Big Lots! and Goodwill Industries

6398 Del Cerro Blvd in San Diego: 7,200 SF multi-tenant office building, an outparcel to
the Windmill Farms Center in heart of Del Cerro

2315-2325 Fletcher Pkwy in El Cajon: 11,319 SF multi-tenant retail building in the
Fletcher Hills submarket anchored by Father Joe’s Villages subsidiary
Ongoing leasing will be provided by Mike Conger and Brian Jenkins of ECP Commercial
and property management will be handled by Roberta Meyer of ECP AssetCare.

Sale Price$11,075,000

Address

6101-6193 Lake Murray Blvd, La Mesa, CA 91942
6398 Del Cerro Blvd, San Diego , CA 92120
2315-2325 Fletcher Pkwy, El Cajon, CA 92020

Buyer & Seller Representation:  Joe Bonin & Pat Geary of ECP Commercial

Title: Frank Green, Stewart Title Co.

Escrow: Robert Shaw, Chicago Title Co.

Financing: Carlton Roark, North Island Credit Union (Lake Murray)

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