CBRE Brokers Acquire Costa Mesa Multifamily Property For $18.5M

The multifamily property located at 301 & 307 Avocado St in Costa Mesa, CA has been sold for a price of $18,500,000. The transaction took place on 10/11/2022 and was facilitated by Dan Blackwell, Mike O’Neill, and Priscilla Nee of CBRE. The property spans an area of 1.7 acres and consists of 48 units, resulting in a price per unit of $385,417.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $18,500,000
• Address: 301 & 307 Avocado St, Costa Mesa, CA
• Market: Costa Mesa, CA
• Asset Type: Multifamily
• Acres: 1.7
• Brokers: Dan Blackwell, Mike O’Neill, and Priscilla Nee - CBRE
• Units: 48
• Price per Unit: $385,417

The involvement of Dan Blackwell, Mike O’Neill, and Priscilla Nee from CBRE in this transaction was instrumental. They acted as the brokers representing the parties involved in the deal. Their expertise and negotiation skills contributed to the successful completion of this multifamily property sale.