A two-building industrial asset located at 3030 Airway Ave, Costa Mesa, CA, has been sold for $33 million. The property spans a total area of 157,204 square feet and is situated adjacent to John Wayne Airport. One of the buildings is the U.S. headquarters of RipCurl, while the other building has recently been vacated by Karma. The new owner plans to implement both interior and exterior upgrades to the vacant building.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $33,000,000.00
• Address: 3030 Airway Ave, Costa Mesa, CA
• Buyer: Private Equity Fund
• Seller: Unknown
• Buyer's Representative: Carl Johnson - Voit Real Estate Services
• Market: Costa Mesa
• Square Footage: 157,204

Trent Walker and Carl Johnson from Voit Real Estate Services facilitated the transaction on behalf of the private equity fund. The deal was an off-market transaction where the buyer plans significant improvements to a vacated asset in a strategic location.