Watt Communities, Inc. acquired 18 acres at 9701 N. Magnolia Ave. in Santee, CA from Strata Equity Group, Inc. for $9.55 million.

The buyer plans to construct a new single-family home community on the site, which is currently improved with a radio transmission facility for KSDO. The property is located off Magnolia, on Braverman Dr. in the East San Diego County submarket. The planned community will feature 82 residential lots.

Erik Wiese of…
Source: san diego real estate