Shearwater Creek Land Sold for $4.7M

Posted by on Dec 1, 2014 in Blog | No Comments

ColRich Acquires 7.1 Acres for 140-Unit Multifamily Development
Original Post: Rey Williams / CoStar.com

Ambient Communities, Inc. sold 7.08 acres at 29015 Pujol St. in Temecula, CA to ColRich for $4.7 million. The deal includes two parcels of R4-zoned land. The site is approved and mapped for 140 multifamily units. The buyer intends to break ground on Shearwater Creek in the summer of 2015.

Al Apuzzo, Patrick Miller, and Matt Weaver of Lee & Associates represented the seller. The buyer handled the sale in-house.

Please see CoStar COMPS #3161369 for more information on this transaction.