Newport Beach Investor Acquires 1,300 SF Retail Building At 323 Marine Avenue For $2.2M

A 1,300 SF retail building located at 323 Marine Avenue in Newport Beach has been sold for $2,200,000. This transaction showcases the commercial real estate activity in a prominent market, with a price per square foot of $1,692.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,200,000
• Square Footage: 1,300
• Address: 323 Marine Avenue
• Market: Newport Beach
• Price Per Square Foot: $1,692

Joseph Lising and Nathan Demosthenes from Cushman & Wakefield represented the longtime local seller in this transaction. The purchaser was an investor based in Newport Beach.