Advisory-Driven Solutions for San Diego’s Commercial Real Estate Market

Supporting owners, occupiers, and investors as they plan, evaluate options, and execute across San Diego’s industrial and office markets.
Discuss a Real Estate Decision
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Representative Transaction Experience

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Capabilities

Advisory support for planning, positioning, and execution across the ownership and occupancy cycle.
Investment Sales & Acquisitions
Helping owners and investors decide when a transaction advances their objectives — and when it doesn’t. Spencer works with clients to evaluate pricing, timing, market conditions, and positioning so that any sale or acquisition is entered deliberately, with clarity established well before execution.
Owner-User Sales & Acquisitions
Guiding business owners through buy, sell, and hold decisions tied to their facilities. Whether expanding, relocating, or consolidating, Spencer helps owner-users evaluate financing, operational needs, zoning considerations, and long-term optionality before executing.
Landlord Representation
Helping landlords think clearly about leasing decisions in the context of their broader ownership strategy. Spencer works with owners to evaluate economics, tenant demand, lease structure, timing, and renewal considerations so leasing choices are made deliberately, with a long-term perspective.
Tenant Representation
Advising occupiers as they assess renewals, relocations, expansions, and consolidations. By evaluating market conditions, lease structures, and operational requirements, Spencer helps align real estate decisions with business strategy.
Valuation & Advisory
Providing valuation and financial scenario analysis to inform planning and decision-making. Spencer develops broker opinions of value, FMV rent analysis, and forward-looking financial models that help clients evaluate tradeoffs, test assumptions, and understand the longer-term implications of key real estate decisions before committing.
Portfolio Strategy
Supporting investors as they evaluate portfolio composition, capital recycling, and long-term growth. From tax-deferred exchanges to strategic repositioning, Spencer helps clients assess options early and execute with clarity when timing matters.
Discuss a Real Estate Decision
San Diego Commercial Real Estate Advisor

Spencer Dok

(858) 805-5547
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sdok@lee-associates.com
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Lic. No. 02106855
Spencer approaches commercial real estate as a long-term decision-making discipline, not a series of transactions. He thinks in decades, not deals — evaluating each decision through its implications for leverage, flexibility, and positioning. His guiding principle is simple: real estate decisions compound over time - and the right strategy today defines tomorrow’s success.
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Proven Results. Strategic Outcomes.

Selected examples of how strategic thinking and disciplined execution shape real estate decisions across different market conditions.
View Success Stories

Kearny Mesa Building Leased To Strategic Occupier

A targeted campaign delivered a strong manufacturing tenant and a long-term lease.

  • 8225 Mercury Court, San Diego, CA 92111
  • Industrial / Flex Building
  • ±20,680 SF on +1.40 AC
  • ±60% warehouse / 40% office
  • Landlord Representation
View Case Study

Full Lease-Up Repositions Owner-Occupied Industrial Building in Miramar Into Cash-Flowing Asset

Transformative lease-up strategy turned a partially owner-occupied facility into a fully leased investment.

  • 8655 Production Ave, San Diego, CA 92121
  • Industrial Building
  • ±25,095 SF
  • 85% warehouse / 15% office
  • Landlord Representation
  • 2 Direct Leases + 1 Renewal
View Case Study

Fully Leased Poway Industrial Building Sold to Private Investor

Transaction highlights continued investor appetite for leased industrial product in Poway as part of a coordinated three-building portfolio sale.

  • 12675 Stowe Drive, Poway, CA 92064
  • Single-Story Industrial Building
  • ±19,628 SF
  • 100% Leased to 1 Tenant
  • Included in a Three-Building Portfolio Sale
View Case Study
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What Our Clients Say

“Our family had the pleasure of working with Spencer on the simultaneous acquisition of three industrial buildings. Spencer guided the transactions with confidence and precision - navigating several complex challenges with a solutions-oriented approach. We would highly recommend Spencer to any owner seeking an advisor who combines deep market knowledge with the ability to execute at the highest level.”
Isaac A.
“I began working with Spencer to develop a real estate strategy for my company, Remodel Works. Through his guidance, I was able to achieve my goal in 4 short months. I would recommend Spencer to anyone looking for comprehensive commercial real estate services.”
George H.
“Spencer provided clear guidance on our options, positioned the property competitively, and negotiated a renewal that exceeded our expectations. We highly recommend working with Spencer and look forward to partnering with him on future assignments.”
Yu G.
“Spencer represented us on the leasing of our land-heavy industrial property in Kearny Mesa. He quickly and successfully negotiated lease terms that met our objectives and exceeded expectations. His commitment to delivering timely and effective solutions greatly enhanced the financial performance of our property. I recommend Spencer for any commercial real estate advisory needs.”
Randy N.
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