Dornin Investment Group Sells Coast Market In Laguna Beach For $6.15 Million

The asset involved in the transaction is a retail property located at 1391 Pacific Coast Highway, Laguna Beach. The property was sold for $6,149,000, encompassing 5,200 square feet, with a price per square foot of $1,182.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $6,149,000
• Square Footage: 5,200
• Price Per Square Foot: $1,182
• Seller: Chris Dornin - Dornin Investment Group
• Broker: Preston Fetrow - CBRE
• Broker: Philip Voorhees - CBRE
• Market: Laguna Beach

Chris Dornin, representing Dornin Investment Group, completed the sale of the 100% leased historically renovated Coast Market building. The property was previously acquired by Dornin Investment Group in 2013 and underwent restoration to adhere to Mid-century modern standards as well as renovations for an Olympic Cottage from 1932 after a prolonged entitlement process.