Arkadian Marina Ventures LLC Acquires Peter’s Landing In Huntington Beach For $47 Million

The property asset involved in the transaction is a mixed-use development located at 16390-16450 Pacific Coast Highway, Huntington Beach, CA. The property spans 9 acres and has a total square footage of 98,500. It was sold for a transaction amount of $47,000,000, equating to a price per square foot of $477.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $47,000,000
• Address: 16390-16450 Pacific Coast Highway
• Market: Huntington Beach, CA
• Acres: 9
• Square Footage: 98,500
• Price per Square Foot: $477
• Buyer: Arkadian Marina Ventures LLC
• Seller: Kevin Hayes - Pendulum Property Partners
• Buyer's Representative: Ben Glabman - Geovest Corporation
• Seller's Representatives: Aaron Bettencourt & Ramez Barsoum - REZA Investment Group Inc.

Arkadian Marina Ventures acquired the property known as Peter’s Landing from Pendulum Property Partners. Following the purchase, Arkadian Marina Ventures plans to invest millions in renovations over the next decade to enhance the property and transform it into a premier waterfront retail and community destination, similar to Lido Marina Village.