Manouch Moshayed Purchases Newport Beach Property For $15.4 Million With Buyer's Reps David Romero And John Martin

Three parcels of land located on Mariners Mile in Newport Beach, CA were purchased for a total of $15.4 million. The waterfront property consists of separate commercial buildings on two parcels and includes an inland commercial office building located at 2436 West Coast Highway. The existing retail buildings are currently 100% leased, with several boat slips included in the property.

Summary of transaction details:

• Property Type: Commercial real estate
• Transaction Amount: $15,400,000.00
• Address: 2436 West Coast Hwy, Newport Beach
• Market: Newport Beach
• Buyer's Representative: David Romero - Lee & Associates, John Martin
• Buyer: Manouch Moshayed
• Seller: Charter Yachts of Newport Beach, founded by the Goodin family in 1992

David Romero and John Martin from Lee & Associates represented the buyer in this transaction. They also played a key role in the previous acquisitions made by Manouch Moshayedi involving neighboring properties located at 2001, 2101, 2201, and 2200 West Coast Highway in 2016, totaling a value that exceeds $100 million.