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Deal of the Week - Lease

Homes site in Lemon Grove

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.

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