Faris Lee & SSG Realty Corp. Close $4.4M Mixed-Use Sale In Newport Beach

The property at 325-331 Marine Avenue in Newport Beach, a mixed-use asset, was sold for $4.4 million. This property consists of storefront retail spaces and residential units, offering a total of 3,688 square feet at a price per square foot of $1,193.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $4,400,000
• Address: 325-331 Marine Avenue
• Market: Newport Beach
• SF: 3,688
• Brokers: Greg Lukosky, Jeff Conover, Scott DeYoung & Shaun Riley - Faris Lee Investments; Greg Swedelson & Jon-Eric Greene - SSG Realty Corp.

Faris Lee Investments and SSG Realty Corp. played a crucial role in the sale of 325-331 Marine Avenue. The deal was facilitated by agents from both firms, highlighting the collaborative effort in managing the transaction that involved a combination of retail and residential spaces on Balboa Island in Newport Beach.