Simi Investment Properties Acquires Industrial Property In Santee, San Diego County For $5M

The industrial property located at 8510-8520 Railroad Ave in Santee, San Diego County has been sold in a closed transaction. The property spans a total area of 20,030 square feet, with a sale price of $5,000,000, equating to a price per square foot of $249.62.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $5,000,000
• Address: 8510-8520 Railroad Ave, Santee, San Diego County
• Market: Santee, San Diego County

The buyer in this transaction is Simi Investment Properties, while the seller is Advantaged Asset Aquisitions. Representing the buyer is Elizabeth Clark from Compass and Tai Kagehiro, also from Compass. On the seller's side, the representatives are Matt Pourcho and Bryan Johnson from CBRE, along with Matt Harris.