April 3, 2020
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.
For comments, questions or concerns, please contact Dennis Kaiser