Murrieta, CA – Lee & Associates, one of the largest national commercial real estate firms, has completed the $2.7M sale of a 60 unit 2-story townhome site in Murrieta, CA. The 4.64 acre parcel is located on the Southeast corner of Washington Avenue and Lemon Street. The Final Map is recorded. The site is partially improved with some grading, streets, water, sewer, curbs, and gutters installed over 10 years ago. The property was in escrow while the buyer processed a new Development Plan.

Matt Weaver and Al Apuzzo of Lee & Associates – North San Diego County represented both the Seller, Western Residential Opportunity Fund, LLC, and the Buyer, Murrieta 60 LP.

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Lee & Associates is a commercial real estate brokerage, management and appraisal services firm. Established in 1979, Lee & Associates has grown its service platform to include offices in the United States and Canada. Lee & Associates provides superior market intelligence in office, industrial, retail, investment and appraisal to meet the specialized needs of our clients. For the latest news from Lee & Associates, visit lee-associates.com or follow us  on Facebook, LinkedIn, Twitter and Link, our company blog.