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California  + Apartments  | 

Residential Development Site Changes Hands in Santee

Marcus & Millichap closed today the sale of a 2.02-acre development site located in Santee. The asset was sold for $1,100,000.

“This prime real estate parcel is zoned R-2, making it an ideal opportunity for residential development,” said Aaron Bove, senior managing director investments in Marcus & Millichap’s San Diego Del Mar office.

Bove marketed the property on behalf of the undisclosed seller, an individual. The buyer, a trust, was also procured by Bove.

The property is located at 8540 S. Slope St. in Santee.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
  • ◦Development
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