Steel Peak Sells 16,634 Square Foot Industrial Property In El Cajon For $7.4 Million

This industrial property, located at 1360 North Magnolia Avenue in El Cajon, encompasses 16,634 square feet and spans 1.53 acres. The asset was sold for $7.4 million, translating to a price per square foot of $445.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $7,400,000
• Address: 1360 North Magnolia Avenue
• Market: El Cajon
• Square Footage: 16,634
• Price Per Square Foot: $445
• Seller: Blake Rodgers & Pasha Johnson - Steel Peak
• Buyer's Representative: Jacob Castro & Chris Nelson - Matthews
• Seller's Representative: Kurtis Blanchard, Thomas Ladt & Evan McDonald - Colliers
• Acquisition Date: 12/01/2025

Steel Peak initiated the sale following a long-term lease secured with Sunstate Equipment Rentals. This transaction reflects the firm’s strategy to reinvest its proceeds into new IOS acquisitions throughout the Western U.S., highlighting the current demand for stabilized IOS assets amid a supply-constrained market in San Diego.