PRESIDIO CORNERSTONE BUYS OCEANSIDE LAND PARCEL FOR $25M

OCEANSIDE, CALIF. – Presidio Cornerstone Master LLC has acquired a 28-acre parcel of land in Oceanside for $25 million. The property is located on the northwest corner of College Avenue and Old Grove Road within the master-planned community of Rancho Del Oro.

The land has been approved for the development of Terraza, a 338-unit luxury apartment community. The units will range from one-bedroom, one-bath, to three-bedrooms, two-baths.

Gunder Creager, David Santistevan and Ciara Layne-Trujillo of Colliers International represented both the buyer and the seller, RDO Village Investment LLC, in this transaction.