October 1, 2004
San Diego, CA — Van Daele Communities closed escrow on an 80 acre, single-family site located in Wildomar, California.
The parcel, entitled for 225 single-family, 7,200 square foot lots, is located in a prime location of Riverside County north and east of Clinton Keith Road and the I-15 freeway in Wildomar. Van Daele Communities is currently processing its final engineering and plan to break ground in January 2005.
Van Daele Communities, based in Riverside, CA is recognized as one of the premier Inland Empire Builders consistently building 700 +/- homes each year.
The seller, The Depasquale family, has owned the piece of property for nearly 40 years with the dream of eventually seeing the property developed.
GW Realty Co. specializes in real estate brokerage and valuation consulting with an emphasis in residential land throughout Southern California, and has over $1.5 billion in transactions since 1993. A non-traditional real estate firm, GW Realty Co. concentrates their efforts on key relationships with a select group of clients and properties. Due to the decreasing supply of available development properties, GW Realty Co. is continually searching for and finding development opportunities Â'flying below the radarÂ'.
For additional information regarding this transaction or other Inland Empire opportunities please call us at 858.622.7171.