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Well-Located Office Asset Offers a Repositioning Opportunity
An office property in Costa Mesa recently sold to local real estate investment firm Khoshbin Company for $22 million. The buyer plans to occupy and renovate the property to include a car museum, on-site restaurant, coffee shop, private members club and multi-tenant creative offices.
Located at 3150 Bear St., the 66,652-square-foot property was originally constructed in 1978. The building was renovated in 1996 after it was purchased by Trinity Broadcasting Network, which occupied the building until 2017. The 6.19-acre site is adjacent to I-405.
Anthony DeLorenzo, Gary Stache, Doug Mack, Bryan Johnson and Justin Hill of CBRE represented the seller in the transaction. The buyer was self-represented.
“This is an iconic asset in Orange County and offers the new owner an incredible repositioning opportunity in a prime location,” said DeLorenzo.
- ◦Sale/Acquisition
