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Four Small Industrial Properties Trade Hands

SAN DIEGO, CA-The Hambalko Family Trust sells three industrial properties and acquires a fourth in four separate 1031 tax deferred exchanges. The properties, which are located in the South County area of San Diego, encompass a total of 49,883 sf.

By Erin Cassin | Updated on September 11, 2002

SAN DIEGO, CA-A family trust has sold three industrial condominiums and acquired a fourth industrial property in four separate 1031 tax deferred exchanges worth more than $3 million combined. All four properties are located in the South County area of San Diego.

Three separate buyers have acquired the industrial condominiums, which the Hambalko Family Trust has sold for nearly $1.4 million combined. Chung and Young Lee have purchased the largest of the three condominiums, a 10,400-sf property located at 3025 Beyer Blvd. The buyers, who were represented by Jeff Taich of JT Realty, have paid $619,000 for the property, known as condominium #105. Charles Adolphe and Rudy Mendoza of Burnham Real Estate Services acted on behalf of the Hambalko Family Trust, which it also represented in the other two condominium sales.

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