Lee & Associates – North San Diego County Completes the $3,575,000 Sale of 25-Unit Apartment Building in Fallbrook

Fallbrook, Calif.—January 12, 2017— Lee & Associates, one of the largest national commercial real estate firms, has completed the $3,575,000 sale of a 25-unit multi-family apartment building located at 1433 South Mission Road in Fallbrook, California. The two-story complex, known as Village Apartments, mainly consists of two bedroom units and includes a gated swimming pool, onsite laundry facilities, and a play area for children.

John Orlando of Lee & Associates – North San Diego County represented the buyer, a private investor, in the transaction. The seller, Mission Village Apartments, LLC, was represented by Don Swanson of Donald Swanson Real Estate.

“This property had a history of appreciation prior to the recession,” explained Orlando. “In recent years, we have this trend continue and expect the value to continue to grow as the demand for housing increases in San Diego county. This was a perfect investment opportunity for my client.”

####

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.