Wisconsin-based Ashley Furniture Industries Inc. has purchased a San Marcos industrial and showroom building for $9.8 million, according to CoStar Group and public data.
The seller was Mayo Family Trust of Laguna Beach. The 105,618-square-foot property is located at 1050 Los Vallecitos Blvd.
The building was constructed on approximately 5.2 acres in 1971 and was 44 percent leased at the time of sale. Brokerage company Cassidy Turley represented the buyer and seller.
Ashley operates more than 400 Ashley Furniture HomeStore locations worldwide, including three in San Diego County, according to its website.