3 Acre Land Deal Closes on Inland Empire Blvd for the Development of a Second Auto Dealership
ONTARIO, Calif. - The Orange office of Lee & Associates, the largest broker-owned commercial real estate firm in North America, has closed a $3.26 million sales transaction for a 3 acre parcel of land located on Inland Empire Boulevard at Meredith International Centre in Ontario, Calif. The new owner, Walters Automotive Group, has plans to build a car dealership on the site, which is located next to their Audi Dealership currently under construction.
An announcement, by Walters Automotive Group in regards to which auto brand will occupy the property, is forthcoming. Discussions, for the development of a third automotive dealership in the same location, are underway.
The sale set a new market high for land in the Ontario area. The seller, Craig Development Corporation, was represented by Chuck Noble, John Hatzis, Dave Hunsaker, and Brett Meredith, and the buyer was represented by Peter Sowa, all agents with Lee & Associates in Orange, Calif.
LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES, INC. - ORANGE
Chuck Noble | John Hatzis | Dave Hunsaker | Brett Meredith | Peter Sowa
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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.