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Industrial park on Raleigh in El Cajon sells

The 70,713-square-foot industrial business park, at 474-500 Raleigh Ave. in El Cajon 92020, has been sold for $5.77 million, cash.

The buyer was Propco LP, c/o Lomas Santa Fe Inc., 265 Santa Helena, Suite 200, Solana Beach 92075, Attn.: Patrick Canals.

The seller of the property (assessor's parcel 487-121-88) was M. House Family LP.

Cassidy Turley Managing Director Bryce Aberg and Senior Vice President Brant Aberg -- along with James Renner, president of Inland Pacific Commercial Properties -- represented the seller. The buyer was represented by Rocco Cortese, of Heritage Capital Advisors.

Built in 1971, the property occupies a 4-acre site in downtown El Cajon. It is currently fully leased to tenants including Ametek Inc. and Triumph Fabrications. The new ownership plans to hold the property as an investment.

The 70,713-square-foot industrial business park, at 474-500 Raleigh Ave. in El Cajon 92020, has been sold for $5.77 million, cash.

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