California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Waterfront Sale Completed in Newport Beach
Three parcels of land located on Mariners Mile in Newport Beach, CA were purchased by Manouch Moshayedi for $15.4 million. The waterfront property, located at 2523-2537 West Coast Highway, is comprised of separate commercial buildings on two parcels. An inland commercial office building is located at 2436 West Coast Highway (pictured).
The existing retail buildings are currently 100% leased, along with several boat slips. The seller operated one of Newport Beach’s highest-rated yacht charter services. Charter Yachts of Newport Beach was founded by the Goodin family in 1992.
Lee & Associates’ David Romero and John Martin represented the buyer. Martin and Romero also represented Moshayedi in purchasing neighboring properties located at 2001, 2101, 2201, and 2200 West Coast Highway in 2016. The acquisitions combined total value exceeds $100 million.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition




