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Office: Cal Western Reconveyance has leased the 25,200-square-foot office building at 525 E. Main St., El Cajon 92021, from Stanley Kramer, trustee of the Kramer Family Trust. The one-story building was leased for 60 months at $1,527,700.
The lessee was represented by Tim Cowden, of Colliers International.
The lessor was represented by Kipp Gstettenbauer and Kyle Clark, of Cushman & Wakefield.
Cal Western is a national company servicing foreclosures for lenders in 10 western states.
The building was constructed in 1951 on a 2.15-acre lot.
The property was sold in December 2009 for $3.6 million by the Moss Family Trust, with Gerald R. Moss co-trustee. He is also founder of Cal-Western Reconveyance.
At the time of the sale, Cal-Western had been the sole occupant of the building for 14 years.
The transaction involved a new five-year NNN lease with annual CPI increases and two five-year options.
The acquisition by the Kramer Family Trust was financed by a $2.6 million loan from Pacific Capital Exchange Services Inc., as qualified intermediary for the Moss Family Trust.
The lessee represented himself. The lessor was represented by Bill Thaxton, of Flocke & Avoyer Commercial Real Estate.
The lessee was represented by Philip Roberts and James Duncan, of Cushman & Wakefield.
The lessor was represented by Sean Williams, of CBRE (NYSE: CBG).
The lessee and lessor were represented by Chruis Williams, of Colliers International.
The lessee and lessor were represented by Kyle Clark and Kipp Gstettenbauer, of Cushman & Wakefield.
The lessee and lessor were represented by Amy McNamara, of Cushman & Wakefield.