Updated Oct 12, 2026
DJM Capital And Fortress Investment Group Acquire Adams Marketplace In Huntington Beach For $26.5M
9062 Adams Ave Huntington Beach, CA 92646, USA
$26,500,000
$407/SF
Building Size
65,116 SF
Asset Type
Retail
Closing
May 4, 2023
About this deal
AI
A joint venture between DJM Capital and Fortress Investment Group has acquired Adams Marketplace, a 65,116-square-foot shopping center in Huntington Beach, California. The property, located at 9062 Adams Ave., was purchased for $26.5 million, or $407 per square foot. It is currently occupied by 18 tenants, including Smart & Final Extra, Petco, Starbucks, and MemorialCare Medical. The shopping center is conveniently located near the Pacific Coast Highway and Interstate 405.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $26,500,000
- Square Footage: 65,116
- Price Per Square Foot: $407
- Market: Huntington Beach
DJM Capital, represented by John Miller, and Fortress Investment Group, represented by Peter L. Briger, Jr, were the buyers in this transaction. The seller was Merlone Geier.
On the Map
$26,500,000
$407/SF
Retail
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93