REBusinessOnline

Lucas Revocable Trust Acquires Retail Building in California for $4.4M

4180-Avenida-De-La-Plata-Oceanside-CA

Located in Oceanside, Calif., Navy Federal Credit Union has leased the 6,788-square-foot property since 1992.

OCEANSIDE, CALIF. — Lucas Revocable Trust has purchased a retail property, located at 4180 Avenida De La Plata in Oceanside. Plata Property LLC sold the building for $4.4 million.

Navy Federal Credit Union occupies the 6,788-square-foot retail building, which was built in 1992 and is situated within Rancho Del Oro business park. The tenant recently renewed its lease for an additional 10 years, extending the term through May 2028.

Ryan Barr and Ryan Bennett of Lee & Associates – North San Diego County represented the seller, while HC&M Commercial Properties represented the buyer in the deal.

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