Montage Health Acquires Carmel Rancho Shopping Center In Carmel-by-the-Sea For $37.5M

The Carmel Rancho Shopping Center, situated at 26135 Carmel Rancho Boulevard in Carmel-by-the-Sea, is a retail asset that recently changed hands for $37,500,000. This property encompasses a total of 77,002 square feet and is positioned on a site measuring 295,335 square feet, with a price per square foot of $487.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $37,500,000
• Square Footage: 77,002
• Price per Square Foot: $487
• Address: 26135 Carmel Rancho Boulevard
• Market: Carmel-by-the-Sea
• Buyer: Montage Health
• Broker Representation: Ryan Edwards, Josh Jones & Patrick Stafford - Mahoney & Associates

The transaction was facilitated by the brokerage firm Mahoney & Associates, with Ryan Edwards, Josh Jones, and Patrick Stafford representing both sides of the deal in this acquisition by Montage Health.