Case Study: Ambient sells Temecula master-planned land for $25.2M with Lee & Associates

Ambient closes $25.2M Temecula land sale in 60 days with Lee & Associates

The customer, Ambient, an opportunistic real estate development company, faced the challenge of acquiring a long-dormant 200-acre property in Temecula that had been unsuccessfully marketed for over a decade by a patient and non-negotiable seller. Lee & Associates was engaged to sell the property, which required a highly experienced master plan developer to successfully entitle and develop the land.

Lee & Associates implemented a targeted marketing strategy, leveraging their extensive database to widely promote the property with an offer due date. This approach generated 15 offers from developers. After advising on the seller's requirement for a quick close, nine buyers resubmitted offers, leading to the property being sold for $13,200,000 in just 60 days. In total, Lee & Associates facilitated the sale of 270 acres to Ambient for a combined $25,200,000 for the future development of the Altair master-planned community.

Ambient