SOLD
Continental Realty Corp Acquires 292K SF South Coast Collection Retail Center In Costa Mesa For $110M
3303-3323 Hyland Avenue
Retail
584,000 SF
584,000 SF
Sold 184 days ago
Summary
Sale
CALIFORNIA
Retail
584,000 sqft
Continental Realty Corp. (CRC) has acquired the 292,000-square-foot South Coast Collection retail center in Costa Mesa, California, for $110 million. The property is located at 3303-3323 Hyland Avenue and is situated on approximately 20 acres of land. It is a retail asset that features the OC Mix, which includes 20 restaurants. The property was 97% leased at the time of the transaction.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $110,000,000
- Square Footage: 292,000
- Address: 3303-3323 Hyland Avenue
- Market: Costa Mesa
- Acres: 20
The buyer of the property is Continental Realty Corp., represented by JM Schapiro. The seller is Burnham Ward Properties, represented by Scott Burnham. The brokers involved in the deal are Christopher Hoffmann and Mark Damiani from Eastdil Secured.
It is worth noting that CRC acquired the South Coast Collection retail center through its Opportunistic Retail Fund I.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Scott Burnham & JM Schapiro
DATE: 11/01/2023
ADDRESS: 3303-3323 Hyland Avenue
MARKET: Costa Mesa
ASSET TYPE: Retail ~ ACRES: 20
BUYER: Continental Realty Corp (@CRCRealty) - JM Schapiro (@SchapiroJM)
SELLER: Burnham Ward Properties - Scott Burnham
BROKERS: Christopher Hoffmann & Mark Damiani - Eastdil Secured (@EastdilSecured)
SALE PRICE: $110,000,000
SF: 292,000 ~ PPSF: $377
NOTE: Continental Realty Corp. (CRC) has acquired the 292,000-square-foot South Coast Collection retail center in Costa Mesa, California, for $110 million. The property, 97% leased and featuring the OC Mix with 20 restaurants, was purchased through CRC's Opportunistic Retail Fund I.View on map
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Address3303-3323 Hyland Avenue
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