X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ESCONDIDO, CA –Shoreline Corp. / Shoreline Communities has picked up a 17.73-acre lot in Escondido that has potential for residential development.

The buyer has shelled out more than $1.4 million for the North County parcel, which is located at 25067 Jack Rabbit Acre in Escondido. Situated across from the new Brookside Golf Course, the property is located in a residential community that stands in close proximity to the I-15 and I-5 freeways.

“The property was attractive to the buyer because we were able to obtain a tentative map from the county for a 12-lot residential subdivision,” says Jim Taylor of Sperry Van Ness. Taylor, who is based in Sperry Van Ness’ San Diego office, acted on behalf of both Shoreline and the seller, Antoniades Family Trust. “I was able to show the seller how to turn a $750,000 property into a $1.5-million property by gaining entitlements,” Taylor adds.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. APARTMENTS SPRING 2021Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.