November 28, 2017
Seattle-based Riverside Care Group, LLC acquired seven acres of land in Murrieta, CA with plans to develop a 137-unit senior memory care facility. The transaction value was $1.34 million for the site located at the northwest corner of Clinton Keith and Greer roads.
The deal represents a rare infill development opportunity in a desirable neighborhood near local retail, schools, parks, and new residential developments. Murrieta is a rapidly expanding city located north of Temecula and south of Menifee and Wildomar in southwest Riverside County. From 2000 to 2010, the City of Murrieta experienced a 133.7% population increase.
Lee & Associates’ Al Apuzzo, Matt Weaver and Brian Bielatowicz represented the seller, The United Church of the Valley in Murrieta, as well as the buyer.
For comments, questions or concerns, please contact Dennis Kaiser