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Lee & Associates Negotiates $2.3 Million Land Sale Transaction

Buyer Shea Homes plans to construct 20 flats of multifamily housing on the entitled property.

FOR IMMEDIATE RELEASE

 
 
N. Vulcan Ave.
N. Vulcan Ave.
PRLog (Press Release) - Jan. 25, 2011 - Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed a $2.3 million sale on a fully entitled, 1.08-acre parcel of land on N. Vulcan Ave., in Encinitas, Calif.

Matt Weaver, Patrick Miller and Trevor Jensen of Lee’s San Diego-North office represented both the seller, Vulcan Townhomes, LLC., and the buyer, private homebuilder Shea Homes.

“This sale is emblematic of an improving land market,” said Weaver, a San Diego-North principal. “Buyers believe that land values can no longer decrease so we are seeing a flurry of transactions completed by builders, developers and investors.”

Lee & Associates closed the sale in 45 days. Shea Homes plans to construct 20 flats of multifamily housing on the entitled property.

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About Lee & Associates
Celebrating 31 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 41 locations across the nation including California, Arizona, Georgia, Idaho, Illinois, Indiana, Michigan, Missouri, New Jersey, Nevada, Texas and Wisconsin. With a roster of more than 600 expert brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at www.lee-associates.com.

Photo:
http://www.prlog.org/11249923/1

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Contact Email:
***@hoytorg.com Email Verified
Source:The Hoyt Organization
Phone:310-373-0103
Zip:90505
City/Town:Torrance - California - United States
Industry:Real Estate
Tags:lee & associates, Real Estate, encinitas, parcel sale
Shortcut:prlog.org/11249923
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