Press Release brought to you by Lee & Associates

$2.1 Mil Land Deal Closes in El Monte for Planned Housing Development

06/01/2016
EL MONTE, Calif. – The Orange office of Lee & Associates, the largest broker-owned commercial real estate firm in North America, has closed a $2.1 million sales transaction for a 1.37 acre parcel of land located at 3708 Cypress Avenue in El Monte, Calif. John Son successfully represented both parties in this off market transaction, which consists of 12 fully entitled residential units developed by the seller, Cypress Homes LLC.  The new owner, Encore Scripts, LLC, will build the units that range from 1,783 to 1,874 square feet.

The 3708 Cypress Avenue development is a rare infill opportunity which features 21,942 total building square feet, R3 zoning, and close proximity to downtown El Monte. The site will include twelve 4 bedroom and 3 bath homes with flexible floor plans and 1 bed and 1 bath on the first floor.

John Son has 24 years of commercial real estate experience and currently advises clients on owner/user industrial, office, and investment transactions, as well as land sales and development transactions.

LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES, INC. - ORANGE

John Son
714-564-7183
 
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About Lee & Associates
Lee & Associates - Orange has a team of 50 agents and brokers that have provided expert commercial real estate services in and around Orange County, since 1983. Lee & Associates is the largest broker-owned firm in North America with 52 locations across the U.S. and more than 800 brokers nationwide, providing a wide range of specialized commercial real estate services on a local, regional and national level. For the latest news from Lee & Associates - Orange, visit Lee & Associates - Orange or follow us on Facebook, LinkedIn and Twitter.
06/02/2016 - 05:00

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