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Stephen A. Schwarzman And Jacob Werner Of Blackstone Acquire Peninsula Marketplace In Huntington Beach For $40M

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SOLD
$4,000,000,000

National

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Retail11,000,000 SF
Sold 02/24/2025
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Property Image
SOLD

Stephen A. Schwarzman And Jacob Werner Of Blackstone Acquire Peninsula Marketplace In Huntington Beach For $40M

Retail11,000,000 SF
Sold 02/24/2025
the dealplayerscompscontact
Contact now

Summary

Asset Type:Retail
Price Per Square Foot:$363
Total Square Footage:11,000,000 SF
Transaction Type:Sale

The transaction involved the sale of a retail asset located at Peninsula Marketplace in Huntington Beach. The total acquisition value was $4 billion, encompassing 93 West Coast retail properties and making the price per square foot approximately $364. The highest-priced parcel of this transaction sold for $40 million.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $4,000,000,000
  • Buyer: Stephen A. Schwarzman & Jacob Werner - Blackstone
  • Address: Peninsula Marketplace
  • Market: Huntington Beach
  • Asset Size: 11,000,000 SF
  • Price per Square Foot: $364

Blackstone completed its acquisition of Retail Opportunity Investment Corp. (ROIC), which included a total of 32 transactions in Orange County valued at nearly $275 million. This significant deal expanded Blackstone's retail portfolio on the West Coast.

Players

Blackstone
Blackstone
BUYER

Details

SOLD
IMAGE: Stephen A. Schwarzman & Jacob Werner DATE: 02/24/2025 ADDRESS: Peninsula Marketplace MARKET: Huntington Beach ASSET TYPE: Retail BUYER: Stephen A. Schwarzman & Jacob Werner - Blackstone (@Blackstone) VALUE: $4,000,000,000 SF: 11,000,000 ~ PPSF: $364 NOTE: Blackstone completed its $4 billion acquisition of Retail Opportunity Investment Corp. (ROIC), adding 93 West Coast retail properties totaling nearly 11 million SF. The deal included 32 transactions in Orange County worth nearly $275 million, with the highest-priced parcel at Peninsula Marketplace in Huntington Beach selling for $40 million.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$213,333,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,211,155.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962,040.70
Annual Debt Service$227,544,488.46