Lee & Associates Completes the $1,725,000 Sale of a 31-Unit Multi-Family Residential Development Site
Ramona, Calif.—January 10, 2017— Lee & Associates, one of the largest national commercial real estate firms, has completed the $1,725,000 sale of a multi-family residential development site in Ramona. The 2.52 acre site, located at the South East corner of Day Street and La Brea, is permit ready to build a 31-unit townhome development. Construction on the project will begin in February.
Al Apuzzo and Matt Weaver of Lee & Associates – North San Diego County represented the seller, Day Street Development, LLC and the buyer, Paseo Partners, LLC, in the transaction..
“Project completion is expected for early 2018,” stated Al Apuzzo. “The future townhomes will likely qualify for FHA financing”.