March 24, 2017
Costa Mesa, CA-based Warmington Land Associates II LP acquired a 7,003-square-foot building on a 3.2-acre site in Vista, CA for $2.5 million. The seller was First Church of Christ Scientist Carlsbad of Carlsbad, CA.
The plan is to redevelop the site, located at 1630 S. Melrose Dr., as a high quality, mid-priced, for-sale home project to help meet pent-up demand for new housing in the market.
Lee & Associates’ Thomas Smith led the team in representing the buyer. Lee & Associates’ Smith, Rusty Williams, along with Duhs Commercial’s Thomas Morgan, represented the seller.
Smith and Morgan specialize in handling church property requirements throughout SoCal through the Church Realty Solutions platform.
For comments, questions or concerns, please contact Dennis Kaiser