California Beemers Acquires Retail Property In Costa Mesa For $8M

California Beemers recently acquired a retail property in Costa Mesa for a total sale price of $8,000,000. Located at 1425 Baker St. and 1470 Dale Way, the property spans 28,432 square feet, resulting in a purchase price per square foot of $281. The transaction took place on 07/15/2021.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $8,000,000
• Square Footage: 28,432
• Address: 1425 Baker St. & 1470 Dale Way, Costa Mesa

Shy Assar, representing California Beemers, brokered the deal. The seller, Bill Story, was also involved in the transaction. The loan amount of $5,600,000 was provided by City National Bank, with Ray Rowshankhah representing the lending institution.