April 3, 2020 Comments Off on ColRich Claims Otay Mesa MF Views: 660 California News, San Diego

ColRich Claims Otay Mesa MF

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San Diego-based residential real estate firm ColRich purchased Airway Gardens, a 13.1-acre multifamily development site in Otay Mesa, for $14.4 million. The site is zoned for 15 to 44 units per acre, and could be developed as either for-sale or rental housing.

CBRE’s Kevin Mulhern and Rob Hixson represented the seller, Airway Gardens Corporation, an entity managed by San Diego-based real estate development firm Murphy Development Company, in the transaction. The buyer represented themselves in the transaction.

“Airway Gardens offers the opportunity to create a groundbreaking residential development in the fast-growing Otay Mesa submarket,” said Mulhern.

The property is located at the intersection of Britannia Boulevard and Airway Road, in the South San Diego submarket.

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