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

Property Image
SOLD
$2,200,000
Nathan Demosthenes
Joseph Lising

California

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Retail1,300 SF
Sold
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Property Image
SOLD

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

323 Marine Avenue

See Similar Deals
Retail1,300 SF
Sold
Nathan Demosthenes
Joseph Lising
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1692
Total Square Footage:1300 SF
Transaction Type:Sale

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.

Players

Joseph Lising
Cushman & Wakefield
Joseph Lising
8 deals$63.8M volume(949) 372-4896
BROKER
Nathan Demosthenes
Cushman & Wakefield
Nathan Demosthenes
10 deals$49.2M volume
BROKER
Cushman & Wakefield
Cushman & Wakefield
BROKERAGE
Cushman & Wakefield
Cushman & Wakefield
SELLER

Details

SOLD
IMAGE: Joseph Lising & Nathan Demosthenes DATE: 06/17/2025 ADDRESS: 323 Marine Avenue MARKET: Newport Beach ASSET TYPE: Retail BROKERS: Joseph Lising & Nathan Demosthenes (@NateDemos) - Cushman & Wakefield (@CushWake) SALE PRICE: $2,200,000 SF: 1,300 ~ PPSF: $1,692 NOTE: A 1,300 SF retail building at 323 Marine Ave. on Balboa Island sold for $2.2M in Newport Beach. Cushman & Wakefield’s Joseph Lising and Nathan Demosthenes represented the longtime local seller; a Newport Beach investor was the buyer.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$117,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47