|A 109.4k sf warehouse property in el Cajon traded hands for $6 mil, or about $55/sf. The property is located on 4.4 acres at 1111 Pioneer Way, north of Fletcher Pkwy and west of the 67 Fwy.
The managing members of the new ownership entity, 1111 Pioneer Partners LLC, are principals of Vision Systems, an architectural products provider that occupies approximately 25k sf of the warehouse. The Toro Company currently leases the remaining warehouse space.
Bryan Teel of Newmark Grubb Knight Frank represented the seller, Longkin Properties, in the transaction. The buyer was repped by James Renner of Inland Pacific Commercial Properties.