Mariste Enterprises LP Acquires Industrial Property From Hale Holdings LP/Raymer Properties LP For $11.5M

An industrial property comprising 59,757 square feet located at 410, 414 & 416 Dale Avenue in Escondido, CA was sold for $11,500,000. This area is recognized for its suitability for industrial operations.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $11,500,000
• Address: 410, 414 & 416 Dale Avenue
• Market: Escondido, CA
• Square Footage: 59,757
• Price Per Square Foot: $192
• Buyer: Mariste Enterprises LP
• Seller: Hale Holdings LP/Raymer Properties LP
• Brokers: Marko Dragovic, Isaac Little, Olivia Baffert, Ryan Turnquist & Mathew Skogebo - Lee & Associates

The transaction was facilitated by Lee & Associates, with a team that included Marko Dragovic, Isaac Little, Olivia Baffert, Ryan Turnquist, and Mathew Skogebo representing the seller. Notably, Ne-Mo’s Bakery has been a long-term occupant of this facility since its completion in 1975, indicating its established operation in baking, food processing, warehousing, and distribution.