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11/19/14
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Here’s news of a major San Diego County multifamily sale that we heard about. The property, Missions at Rancho Del Oro, is a 284-unit luxury apartment home community located in the city of Oceanside.
The property was purchased by a privately held Georgia based real estate investment firm from an institutional owner based in New York. We don’t have the price on the sale.
Built in 2001, Missions at Rancho Del Oro features a mix of one-, two- and three-bedroom floor plans averaging 962 sf. Community amenities include a courtyard pool, spa, barbecue areas, children’s playground, grassy picnic area, a clubhouse building, modern fitness center, game room, business center and a media room with theatre seating and surround sound.
Located in the highly desirable Rancho del Oro area of Oceanside, Missions at Rancho Del Oro is within proximity to many retail options as well as Oceanside’s major employment centers–Ocean Ranch Corporate Center, Rancho Del Oro Technology Park, and the Marine Corps Base Camp Pendleton.
Kevin Mulhern, Dixie Hall, Rachel Parsons and Tyler Anderson of the CBRE Multifamily Investment Properties group represented the seller in the transaction.
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