JBJ Ranch, South Corona, CA
Mission Pacific acquired JBJ Ranch in November 2010 from a land banker for Meritage Homes. JBJ Ranch, which contains 160 acres, is located along Interstate 15 within the supply-constrained South Corona submarket northwest of Lake Elsinore. The property is accessible from the Indian Truck Trail exit and is located roughly 11 miles south of the Interstate 15/91 Freeway interchange.
The property was acquired with an approved tentative map (#31818) for 310 residential lots (5,000 and 6,000 square foot minimums) and significant engineering completed. The business plan is to hold the property and enhance its value through further entitlement efforts.