REP Commercial Represented Warmington Homes in the $6.34 Million Purchase of 9 Acres of Prime Residential Land in Ontario, Calif.
July 06, 2006 (PRLEAP.COM) Business NewsIRVINE, CA – REP Commercial, Inc., a full-service commercial real estate brokerage and management services company specializing in the sale, leasing, repositioning, management and disposition of client properties, announced today Jeff Gaynor, based in the company’s Irvine office, represented Warmington Homes of Costa Mesa in the purchase of nine acres of vacant land located on the southeast corner of 4th Street and Golden Oak Road in Ontario, Calif. The purchase price was approximately $6,341,580.
“The property, which has been known as the Smiderle Trust property, is prime infill residential property,” said Jeff Gaynor of REP Commercial. “This is an excellent opportunity for the buyer.” Warmington Homes plans to build 49 single family residences on the site.
The buyer was Warmington Homes and the seller was Frank Smiderle of Upland, Calif.
REP Commercial is a dynamic, full-service commercial real estate brokerage and management services company specializing in the sale, leasing, repositioning, management and disposition of client properties. As a majority owned subsidiary of one of the fastest growing privately funded real estate investment and management firms in the nation, Real Estate Partners, Inc., REP Commercial capitalizes on its highly experienced executive teams, a nationwide network of brokers and affiliates, and proprietary technological advantages to provide exceptional performance in every facet of its business.
Headquartered in Irvine, California, the firm aggressively pursues investor and tenant opportunities in all major real estate markets. Providing clients with real estate service unparalleled in the industry, REP Commercial maximizes each opportunity through a suite of creative value-added services, industry relationships and market knowledge. For more information, visit www.repcommercial.com or call 949.585.7640.