Lee & Associates North San Diego County Completes Sale of 20 Acre Parcel in Temecula, Calif

TEMECULA, Calif. - Sept. 8, 2015 - PRLog -- Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has completed the sale of a 20.18 acre parcel of vacant land in Temecula, California on the NW corner of Pechanga Pkwy and Loma Linda near Pechanga Hotel & Casino. The property is adjacent to the masterplans of Wolf Creek and Temecula Creek.  The value of the sale is undisclosed.

Surrounded by development sites and near Temecula’s wine country, historic old town, and Temecula Creek Inn & Golf Course, the property is well positioned for development.  The property is un-entitled and is currently zoned professional office, however the zoning allows for residential development subject to City of Temecula approvals.

“The buyers, Ridge Crest Real Estate, purchased the property in a quick sale with plans to pursue a residential development that meets the City of Temecula’s desires for the site” according to Matt Weaver.

Matt Weaver, Al Apuzzo, Patrick Miller, and Taylor Cook of Lee & Associates – North San Diego County, represented Ridge Crest and the seller, Waypoint, in the transaction.

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About Lee & Associates

Celebrating more than 36 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the country with locations across the nation including California, Colorado, Arizona, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Maryland, Michigan, Missouri, Nevada, New Jersey, New York, Ohio, Pennsylvania, South Carolina, Texas, and Wisconsin. With more than 800 brokers nationwide, Lee & Associates provides a wide range of specialized commercial real estate services on a local, regional and national level. For the latest news from Lee & Associates, visit lee-associates.com (http://www.lee-associates.com/)