SAN DIEGO—The 7-Eleven location at 7807 Balboa Ave. in San Diego, Calif. sold for $3.7 million. Lee & Associates brokered the retail sale for the 2,200-sq.-ft..
“This is an outstanding corner in the middle of Kearny Mesa and is a primeoffering long term security for my clients,” Jim Casale, principal at Lee & Associates in San Diego, said in a statement.
The property was constructed in 2012. 7-Eleven has athere to 2027 with options to renew. The Sands Group represented seller VRE Balboa LLC. The buyer was an unnamed family trust.
“We competed with multiple offers and presented a comprehensive package showing my client’s expertise and our ability to close quickly on an all cash basis," Casale said. "That ultimately won us the.”