Investor Wheat, LLC has acquired a two-building portfolio in downtown Carmel, CA, including mixed-use and retail properties, from Optimus Properties, LLC for $11 million.

A CushWake team of Michael Schoeder from the Central Coast, and Dan Wald and Don LeBuhn in San Francisco, represented the seller.

The mixed-use property offers 4,345 square feet, with a retail suite fronting Carmel’s famed Ocean Ave., an additional ground floor office suite and two second floor residential units.

The retail property encompasses 2,763 square feet located on Dolores St., just off Ocean Ave. Both properties benefit from their proximity to Carmel’s many retail landmarks and restaurants.

According to CushWake’s Schoeder, “This was an extremely rare market opportunity to acquire two trophy assets ideally positioned in the heart of Carmel-by-the-Sea’s downtown shopping district. Downtown Carmel, centered on Ocean Avenue, presents almost-insurmountable barriers to entry for new competitive retail supply.”

For comments, questions or concerns, please contact Chris Egger