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Banking on 3 Acres

Land Bank Commercial Acquires 130,680 SF in Vallejo
By Carolyn Mitchell
April 16, 2002 | 7:30 P.M.

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

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