The Land Bank Commercial Brokerage acquired 3 acres at 110 Admiral Callaghan Lane in Vallejo, CA, for $1.05 million - $350,000 per acre - in a 1031 tax exchange. The property consists of multiple parcels zoned for both linear commercial use and residential low density. Currently, there is a 2,580-square-foot structure on the property. Bill Papke with Prudential California Realty in Vallejo represented the seller, Helen L. Vervais Trust. By: Carolyn Mitchell & Lawrence Kopp