LEE & ASSOCIATES CLOSES $2.52 MILLION DISTRESSED OFFICE PROPERTY SALE

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SAN JUAN CAPISTRANO, CALIF. — Lee & Associates has completed the $2.52 million sale of a 16,842-square-foot office building at Valle Ranch Business Park in San Juan Capistrano. Completed in 2006 and visible off Interstate 5, the distressed property is situated next to the San Juan Capistrano Unified School District building. Lee & Associates’ Dave Smith and Rob Rader represented both the private-investor buyer, Sheila LLC, and the seller, Pacific Western Bank, in the transaction; Newport Beach, Calif.-based Barnard Ventures acted as asset manager for PWB.

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