Corona, Calif.—April 5, 2017— Lee & Associates, one of the largest national commercial real estate firms, has completed the $2,778,000 sale of 9.42 acres of vacant land. The site is positioned on Knabe Road via Bedford Motorway, south of Weirick Road, and includes freeway frontage on Interstate 15.

Matt Weaver and Al Apuzzo of Lee & Associates – North San Diego County represented the Seller, Corona Viewpoint LLC and Jeff Ruscigno of Lee & Associates – Riverside represented the Buyer, CapRock Partners, LLC, in the transaction.

Located in an unincorporated area of Corona, the property is zoned for a variety of potential commercial uses, including mini-storage, industrial, hotel, and retail.

“This site is surrounded by upcoming residential and retail development and was already partially improved,” noted Weaver. “The property is an ideal acquisition target for developers, builders, and investors ready to capture future demand for industrial space.  The buyer intends to build spec industrial on the property.

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 Arizona, California, Colorado, Florida, Georgia, Idaho, Illinois, Indiana, Maryland, Michigan, Minnesota, Missouri, Nevada, New Jersey, New York, Ohio, Pennsylvania, South Carolina, Texas, Vancouver BC, Washington and Wisconsin. With almost 900 brokers, Lee & Associates provides a wide range of specialized commercial real estate services on a local, regional, national and international level. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn and Twitter.