CBRE negotiated the $18-million sale of 68.3 acres at 3231 Oceanside Blvd. in Oceanside. Matt Carlson, Hunter Rowe, Camille Doan, Will Pike, Barbara Perrier, Mike Longo and Joe Cesta represented the seller. Lehi Property Development LLC purchased the property.

The site has operated as a nursery for more than two decades. Although the site is an active nursery, it is currently zoned for industrial use and could accommodate various industrial developments.

The City of Oceanside has recently focused on developing the Smart and Sustainable Corridors Specific Plan (SSCP). The SSCP outlines strategies, standards and processes meant to foster revitalization of several areas in North County.

“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.”

Thursday, March 20: Be there to learn from and network with the experts from Gantry, CBRE, Wonderful Real Estate, BKM Capital Partners, Thorofare Capital, Kidder Mathews, Buchanan Street Partners, and many more on March 20^th at the 9^th annual Connect Orange County conference. Don’t miss out on the industry’s most insightful Orange County CRE event of 2025. Be sure to register in advance; registration pricing increases on event day. www.ConnectOC2025.com