Huntington Beach Shopping Center Sells for $25M

In Huntington Beach, a 63,269-square-foot shopping center has sold for $25.3 million. JLL Capital Markets closed the sale for Goldenwest & Bolsa. A private fund purchased the property, which was built in 1974.

Spanning six acres at 15031 Goldenwest St., the center is at the high-traffic intersection of Goldenwest Street and Bolsa Avenue in Huntington Beach, a supply-constrained Orange County community, according to a news release.

In an area of a high volume of daytime foot traffic, continuing construction projects are anticipated to add 1,000 residential apartment units. When the sun is up some 475,000 people populate the area that houses about 218,000 residents.

The JLL Retail Capital Markets team representing the seller was led by Managing Directors Gleb Lvovich and Geoff Tranchina as well Senior Director Daniel Tyner.  

Lvovich adds, “With 91 percent of the tenancy expiring in two years and no options remaining, the property is a blank canvas for a multitude of uses. We saw robust bidding from investors with various real estate specialties.”