SAN DIEGO – James Fread Agency, Inc. purchased a 3,745-square foot office building for $605,000 from Cloyd 1999 Revocable Family Trust.
Kyle Clark and Dan McCarthy – senior directors at The Heritage Group – represented the seller, while Jamie Hopkins of Team Metro Real Estate represented the buyer in brokering the deal that commenced on March 16, 2017.
James Fread Agency, Inc. is taking over a three-tenant office building, located at 9925-9929 Channel Rd., Lakeside, Calif., as an investment opportunity. The building is currently 100% occupied by two dental practices and a property management company.
“Our seller’s goal was to trade this family asset at the highest price achievable. We identified a solid owner/user candidate willing to meet financial objectives,” said Clark. “We are gratified to assist the Cloyd Trust to meet and exceed their goals with this sale.”