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5/12/17
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Pacific Urban Residential LLC recently purchased Rancho Tuscana, a 136-unit multifamily community in Oceanside, for $30 mil ($221k/unit) in an off-market deal. The property has a condo map and could be sold as individual units.
The gated community is located at 3675 Barnard Dr, north of Hwy 78 and west of College Blvd in a park-like setting. On-site amenities include a swimming pool, spa, fitness center, and tennis courts.
The seller, Terra Pacifica LLC, was represented by Eric Comer, Jim Neil, and Merrick Matricardi with Kidder Mathews. Pacific Urban Residential owns a portfolio in excess of 7,500 units throughout the West Coast, and Comer, Neil, and Matricardi have been involved in the sale of four of their properties in the last two years, as well as the current marketing of an additional project for sale.
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