Gunder Creager and David Santistevan, senior vice presidents of Colliers International, represented the seller and buyer in the Deal of the Week.
The deal was the sale of the 16-acre vacant parcel of land with a tentative map for 78 lots at 1350 San Altos Place, Lemon Grove, for $5,839,000, cash.
The buyer was San Altos-Lemon Grove LLC, a California limited liability company, 5780 Fleet St., Suite 225, Carlsbad.
The seller of the property was AFPC SoCal Properties I LLC, an affiliate of Paragon Management Company LLC, a California limited liability company managed by Roberto Jinich, Ricardo Jinich and Daniel Berkus.
The property, which is surrounded by residential areas on three sides -- and Lemon Grove Ave. and the San Diego Trolley on the fourth side -- provides a rare infill location for 7,000-square-foot lots and 78 new homes in the area, Creager said.