Lee & Associates – North San Diego County Completes the $3.05 Million Sale of Future Retail Development Site
VISTA, CA—April 26, 2016— Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has completed sale of a 4.6 acre land parcel, located on E. Vista Way and Monte Mar Road in Vista, California.
The buyer, J&T Business Management, purchased the site for $3,050,000 with plans to plans to build and operate a nationally branded gas station and additional retail at the location.
Matt Weaver, Al Apuzzo, and Patrick Miller of Lee & Associates – North San Diego County represented the sellers, Monte Mar Land, LLC & ALB Land, LLC. Brian Bielatowicz of Lee & Associates – Temecula represented the buyer, J&T Business Management
“The cities of North San Diego County are seeing rapid growth and development. With this growth, we are starting to get a lot more interest from commercial developers looking for retail development opportunities in areas where amenities are lacking. This was an ideal opportunity for J&T Business Management to invest in a retail development in the City of Vista and for our clients to sell this parcel at its peak value,” stated Weaver.
About Lee & Associates
Celebrating more than 37 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in North America with locations across the U.S. and Canada including California, Colorado, Arizona, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Maryland, Michigan, Missouri, Nevada, New Jersey, New York, Ohio, Pennsylvania, South Carolina, Texas, Vancouver BC 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 or follow us on Facebook, LinkedIn and Twitter.