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San Diego, CA

Marian Catholic High School

Maximizing the value of the 17-acre site.

Posted In — Success Stories |
17
acre site
$5,650,000
unentitled sale
90
days closing

Project Outline

The Roman Catholic Diocese of San Diego wanted to maximize the value of the 17-acre site, a previous High School, near Chula Vista, an area still recovering from the recession in 2012.

Approach

After exposing the site unpriced to our database of developers as a redevelopment opportunity, we received numerous competitive proposals.

Negotiated an unentitled sale at $5,650,000, which was significantly above appraisal at that time, with 90 days closing with the New West Investment Group, a large national residential developer.

Results

Diocese was able to utilize this capital to meet critical obligations.

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