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### Oceanside Acreage Sold for $18 Million to Support Mixed-Use Development
CBRE has successfully negotiated the $18-million sale of 68.3 acres located at 3231 Oceanside Blvd. in Oceanside. The transaction was facilitated by CBRE representatives Matt Carlson, Hunter Rowe, Camille Doan, Will Pike, Barbara Perrier, Mike Longo, and Joe Cesta on behalf of the seller. The property was acquired by Lehi Property Development LLC.
The site has been operating as a nursery for over two decades. Although currently functioning as an active nursery, the property is zoned for industrial use and has the potential to accommodate various industrial developments.
The City of Oceanside has recently prioritized the Smart and Sustainable Corridors Specific Plan (SSCP), which aims to promote revitalization in several areas of North County through strategic development guidelines and sustainability initiatives.
“The buyer intends to transform this rare 68-acre coastal site into a vibrant mixed-use community that exemplifies the power of visionary development,” said Carlson. “By navigating the complexities of rezoning and leveraging the unique topography, the buyer’s plan to build additional housing will not only maximize the land’s potential but also contribute to the region’s growth and sustainability.”
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