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April 16, 2024
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MULTIFAMILY NEWS
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300-Unit Temecula Res Community Trades Hands

8/19/16

In a recent OC res buy, MIG Real Estate purchased Cape May at Harveston, a 300-unit garden-style apartment community in Temecula. The property is situated near upscale shopping and dining, central to area high-tech and biotech industries, and within walking distance of some of the region’s highest-performing schools.

Built in 2006, Cape May is located within the premier master-planned community of Harveston. The community is situated around a beautiful 17-acre lake and park, and includes walking paths, an Olympic pool and ongoing community activities, offering the most in carefree, low-maintenance living.

The property is part of a community known for its skilled and educated population, award-winning schools, biotech industry, safe neighborhoods and more than 40 prestigious wineries and vineyards, which provide a robust tourism market that attracts and supports specialty markets, restaurants and entertainment venues. This unique blend of both lifestyle and convenience draws an affluent demographic to the city.

Tom Moran Jr. with Moran & Company was involved in brokering the transaction. The price was not disclosed.





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