Poway Development Site Sold to Lennar Corporation

Poway Development Site Sold to Lennar Corporation

Colliers has successfully facilitated the sale of Harmon Ranch on Oak Knoll, a land development site in Poway, for $24.5 million. The deal was brokered by SVP Ciara Trujillo, senior EVP David Santistevan and VP Erin McKinley on behalf of sellers Susan Lynn Roschke and Sherry Anne Urena, Successor Trustees of the Harmon Family Trust Agreement.

The property spans approximately 10.87 acres and is fully approved for 64 single-family homes. According to Trujillo, Lennar Homes was chosen as the buyer due to their thoughtful plan to provide housing options for the City of Poway. The team is excited to see this development come to fruition.

Conveniently located at 12624, 12650 and 12702 Oak Knoll Rd., Harmon Ranch offers easy access local amenities such as restaurants, gyms, car dealerships and shopping centers. It also boasts a prime location less than a half-hour drive from downtown San Diego as well as within two hours from Los Angeles or Riverside.

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About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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