written by
Emily Bane

San Marcos Square Welcomes Sunnyside Learning Center to the Re-Envisioned Center

Sunnyside Learning Center has signed a 10-year lease to occupy an approximate 3,634 square foot space at San Marcos Square retail center at 172 South Rancho Santa Fe Road in San Marcos for $784,944. Senior Directors, Dan McCarthy and Kyle Clark, along with Associate, Natalie Baylon represented the lessor, Intersection, in the transaction. 

San Marcos Square was acquired by Intersection in 2017, in which the company has made significant renovations and brought various new tenants to the re-imagined center. “We were looking for an operator that would fill a need in the community,” said Baylon. 

Intersection leveraged their affiliation with the San Marcos Chamber of Commerce to engage with the community directly during a business mixer. From there, in coordination with Economic Development Manager, Tess Sangster, the team was referred to Sunnyside Learning Center. 

Sunnyside Learning Center was looking for an opportunity to expand their current in-home operations as a childcare provider for infants and toddlers. As an essential service, the expansion will enable safe education among a larger enrollment. Their new space at San Marcos Square consists of four total retail suites being combined into one larger suite to include several classrooms, an administrative office and an outdoor play area. The outdoor area, which is currently unused parking spaces will be converted into a productive amenity for the preschool, not visible from the street. The space is currently undergoing build-out and is expected to open before the end of 2020.

McCarthy said, “the addition of Sunnyside Learning Center creates a synergistic effect as Intersection drives a new-retail experience at this highly visible asset”.

Emily Bane is the Marketing Manager at Intersection, providing strategic marketing expertise to support business objectives across company divisions. Contact Emily at ebane@intersectioncre.com

written by
Emily Bane

Intersection is pleased to announce the reopening of the Downtown San Diego office following the COVID-19 shutdowns with new guidelines and procedures to ensure worker and customer safety. These changes, designed to ease coronavirus concerns, range from the reconfiguration of office spaces to running daily temperature and health checks, to reducing customer contact. At this time, there will be no in-house meetings with clients through the end of June, with potential for extension.

Step by step, we’re seeing our local communities open up and the economy coming back to life. While we know this crisis is not over, we are continuing to educate our teams and clients, and are hopeful that we are moving in the right direction towards this long journey.

For more information on the precautionary measures we’re taking, please email info@intersectioncre.com.

Below are guidelines for property showings between Intersection team members and outside clients.

Showing Guidance During Reopening

As restrictions begin to ease around San Diego County, California, and the country, Intersection provides this guidance to assist brokers, managers, and clients in preparation for business in the new normal. Intersection continues to encourage brokers and managers to use virtual showings and limit in-person activity in all other aspects of the transaction as much as possible during the pendency of this crisis, even where in-person showings are allowable by state or local order.

Please review the following guidelines prior to your scheduled showing.

Intersection Property Showing Guidelines

  • If you are sick or exhibiting symptoms of COVID-19, you are required to stay home.
  • Adhere to social distancing recommendations and maintain a minimum of six feet of space between persons at all times.
  • Avoid shaking hands.
  • The number of persons who may attend a showing is limited to four total people, including Intersection brokers/managers.
  • All persons entering a property are required to wear a face mask or covering and wash their hands or use hand sanitizer upon entering.
  • Avoid touching any surfaces in the space, such as light switches, door handles, or walls.
  • Intersection does not recommend the use of bathroom facilities at the property.
  • Do not share phones, pens, or tablets or other personal property during the showing.
  • Intersection requires all documents to be shared electronically versus the distribution of paper documents at the property.
  • Use hand sanitizer upon returning to your vehicle.

We thank you for your patience and compliance with above guidelines.

Emily Bane is the Marketing Coordinator at Intersection, providing strategic marketing expertise to support business objectives across company divisions. Contact Emily at 619-819-8725 or ebane@intersectioncre.com

written by
Emily Bane

Intersection earned the AMO® (Accredited Management Organization) accreditation from IREM (Institute of Real Estate Management). Intersection joins an exclusive group of nearly 600 real estate management companies world-wide, and an exclusive list of 17 companies in San Diego that have met the requirements to earn this distinction. 

AMOs demonstrate strong financial performance, outstanding leadership, and adhere to a Code of Professional Ethics strictly enforced by IREM to maintain integrity beyond reproach. Accreditation as an AMO requires firms to follow best practices in real estate management, demonstrating that they meet standards and functions related to operations and service. Property owners can be assured that an AMO will put their interests first.

“We have always been very focused on the value that real estate management can create for our clients and investors,” said Mark Hoekstra, Managing Director and Partner with Intersection, “The AMO accreditation affirms our commitment to providing the highest level of service in concert with our key company driver, integrity.” 

“The AMO accreditation sets the standard in property management excellence for firms of all sizes. Our AMOs lead the industry in conduct and unmatched client service,” says Chip Watts, CPM®, CCIM, IREM President-Elect, and President of Watts Realty Co., Inc., AMO®. “We congratulate Intersection on this accomplishment, and welcome them into this exclusive group of property management firms.”

For more information about the recent accreditation, arrange an interview with Mark Hoekstra, Executive CPM®, at mhoekstra@intersectioncre.com or 619-819-6114.

From left to right: Mark Hoekstra, Rounak Mofty, Orquid Schon, and Bryan Calhoun attend the AMO Luncheon in January 2020.

Emily Bane is the Marketing Coordinator at Intersection, providing strategic marketing expertise to support business objectives across company divisions. Contact Emily at 619-819-8725 or ebane@intersectioncre.com

written by
Emily Bane

Ideal Location For Tech Company Within Vista Industrial Park

Intersection Senior Director, Henry Zahner represented the seller in the sale of the freestanding industrial building for $1,685,760. The 8,780 square-foot property consists of office and warehouse space, most of which has undergone recent renovations.

The single-story facility was previously headquarters to ICP America, owned and operated by the seller, Puglisi Family Trust. Today, the facility located at 1070 Joshua Way, Vista, CA 92081, is the future home to Techmaster Electronics, a global leader in electronic test equipment calibration services. The buyer, Celtic Blue, LLC (aka Techmaster Electronics), was represented by Dave Steffy of Palomar Commercial.

The property’s location within the Vista Industrial Park of North County is ideal for the buyer who services clients all over Southern California, as well as nationwide. The central location between Orange County and San Diego is reputable for its diverse and strong economic region.

For more information on this deal or if you’d like to discuss Intersection representation further, please reach out to Henry Zahner at 760-889-7943 or hzahner@intersectioncre.com.

Emily Bane is the Marketing Coordinator at Intersection, providing strategic marketing expertise to support business objectives across company divisions. Contact Emily at 619-819-8725 or ebane@intersectioncre.com

written by
Emily Bane

Intersection Completes 1031 Exchange for Long-Term NNN Lease

Intersection represented South Lind Square, LLC in the 1031 exchange which resulted in the purchase of the Safeway at La Toscana Village in Tucson, Arizona for $10,750,000. Intersection Managing Director Mark Hoekstra and Senior Director Rob Kerr represented the buyer, Greg Cortese of The Royston Group represented the seller. 

The 46,798 square-foot retail property is located at 7110 N. Oracle Road, Tucson, AZ 85704. The retail center is situated in a densely populated, affluent and developing area of Tucson. The Safeway building is one of 14 that comprise La Toscana Village, which is anchored by national retail tenants, and located at a heavily trafficked intersection at N. Oracle Road and W. Ina Road. 

Originally built in 1992 and renovated in 2014, 7110 N. Oracle Road is 100% occupied by Safeway in a 20-year NNN lease with options and regular base rent increases.

The property was part of the buyer’s upleg for their 1031 exchange, acquired at a 5.2% cap rate. The lease was corporately guaranteed by Albertsons Companies. Financing for the transaction was provided by 40/86 Mortgage Capital with the assistance of Charlie Robinson of NorthMarq.

Intersection was approached by the buyer to identify 1031 exchange opportunities that would provide both a high-quality and safe investment for the family that met their long-term goals, requirements, and criteria. 

“The process involved the thorough evaluation of numerous properties of all types across a diverse range of desired geographic locations nationwide,” said Kerr. “In the end we were able to identify a number of great options that met requirements, and the client settled on this excellent Safeway investment in Tucson.”

Emily Bane is the Marketing Coordinator at Intersection, providing strategic marketing expertise to support business objectives across company divisions. Contact Emily at 619-819-8725 or ebane@intersectioncre.com

written by
Emily Bane

The Commercial Building Sold for $860K

Intersection Senior Director, Kyle Clark represented the seller in the sale of the Valley Furniture building in El Cajon for $860K. The sellers are the owners of both Valley Furniture and Cash & Carry Furniture, the latter being adjacent to the property.

The 10,810 square-foot retail commercial building is located at 906 E. Main Street, El Cajon, CA 92021. The property is situated on a visible and prominent business intersection of Main Street and Mollison Avenue, offering excellent signage exposure. Located just East of the Downtown El Cajon Management District with numerous other retailers and restaurants nearby. 

The sellers’ decision for the sale of the 906 E. Main Street building came to fruition upon combining their two furniture stores into the other, much larger property. The building was vacant at the time of the sale. 

While the retail commercial building presents an attractive property and location, the sale remained difficult due to no on-site parking available or designated space for dumpsters. This is because the building occupies the parcel in its entirety. In order to facilitate the sale, the sellers agreed to allow the buyer to utilize a portion of their adjacent property to accommodate two trash dumpsters.

The new owner plans to remodel the retail storefront and open an appliance retail outlet.

Emily Bane is the Marketing Coordinator at Intersection, providing strategic marketing expertise to support business objectives across company divisions. Contact Emily at 619-819-8725 or ebane@intersectioncre.com

Read More Insights


Intersection. A Company Driven By Integrity.

Read Article


Crowd Funding-2.0 Is the JOBS Act starting to take hold?

Read Article