Retail Insite Facilitates in the Sale of 4.05 Acres of Land in Lemon Grove, California for $5,387,500
LEMON GROVE, C.A., February 9, 2016 – Retail Insite announced that Dan Floit has purchased 4.05 Acres of land & an approximate 20,715 SF freestanding Auto Sales building for $5,387,500, located at 6828-6899 Federal Boulevard. Retail Insite’s Jim Rinehart represented the seller, the Ben & Iris Margolis Charitable Foundation. The property, located adjacent to the 94 Freeway, has been used for an auto dealership for fifty years and the lease on the property is approaching expiration later this year (2016).
About Retail Insite Retail Insite is a boutique Commercial Real Estate firm with more horsepower than big shops. We specialize in the leasing and sales of retail properties in San Diego County and Southern California. Retail Insite was formed in 1996 to focus solely on providing retail solutions. We are firmly committed to servicing retailers and retail landlords by skillfully and energetically working to meet the strategic objectives of their clients.
At Retail Insite we believe every property has a story. For every property we lease – big or small – we work to understand the community and the big ideas that will resonate and craft a compelling story in order to effectively take it to market. Our equally deep roots in retailer representation give us a solid understanding of the decision criteria retailers use for site selection, and we utilize this knowledge and experience to create a story that sells. We never, ever lease to simply fill a property. We lease intelligently and with a purpose to fulfill the needs of a community and our development partner.