Saturday, July 24, 2010
TULARE, CA – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has retained the exclusive listing for 312 acres of a 685-acre planned mixed-use development site, the future home of the Tulare Motorsports Complex, the nation’s first fully amenitized master-planned racing complex.
The sales price for the 312 acres is $150,908,698. The remaining acreage will be used for roadways, other public improvements and the construction of a speedway and drag strip.
“The Tulare Motorsports Complex is designed to host all major categories of American racing, including regional and national races sanctioned by NASCAR, Indy Racing League, National Hot Rod Association and other sanctioning bodies,” says Bartleson.
The development plan includes sites for luxury condominiums overlooking the raceway, a full-service hotel and conference center, extended-stay motels, themed retail centers, a 59.12-acre luxury recreational vehicle park, a driving range, multiplex theaters and 87 acres of automotive-related businesses.
Tulare is home to the world’s largest agricultural exposition, the World Ag Expo. (bottom left photo)
Contact: Stacey Corso, Public Relations Manager, (925) 953-1716