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Coldwell Banker Commercial Sells Building in the Valley Business Center

VISTA, Calif. – The 23,641 square foot building at 1398 Poinsettia Avenue, in Valley View Business Center in Vista, has sold for $2,700,000.

The Buyer was Southern California Investors (SCI), a privately held real estate investment and development company, with R. Marty Smith as president, 27708 Jefferson Avenue, Suite 204, Temecula 92590.

The Seller of the property was 1398 Poinsettia Partners DBA: Assorted Paper and Packaging, which had occupied the building since it was built in 1990. Adam Molnar from Coldwell Banker Commercial – North County Properties represented the Buyer and Seller.

SCI plans to capitalize on the flexibility of the building by creating several divisibility options and processing a condo map for the potential sale/lease of smaller units. A complete renovation of the existing building improvements is expected to be complete by mid April 2006. Coldwell Banker Commercial –Adam Molnar and Mike Scott will be marketing the building for SCI.

About Coldwell Banker Commercial-Almar Real Estate Group:

Ranked in the top ten commercial real estate companies in San Diego County, Almar was awarded the distinction of being the number one affiliate nationally within the Coldwell Banker Commercial affiliate structure.  This is the fourth year in a row that Almar has received this award.

Coldwell Banker Commercial Almar Real Estate Group was founded in 1999 by Alan Scott, CCIM, R. Marty Smith, SIOR and Allen Nunez. The company is based in Carlsbad and consists of the following sales offices:

North County Properties, Carlsbad (760) 602-4800
Towne Centre, San Diego (858) 200-8888
Temecula, South Riverside (951) 296-9800