Real estate news: Huntington Beach shopping center sells for $29 million

Huntington Beach

– Adams Marketplace, a shopping center in Huntington Beach, sold for $29 million.– The center is anchored by Smart & Final and underwent renovations in 2022.– Other tenants include Petco, Starbucks, and Jiffy Lube.– The sale was one of the largest retail trades in Orange County in 2023.– A 30-unit apartment complex in Westminster sold for $10 million, or $333,333 per unit.– The complex, Courtyard Apartments at La Pat Place, offers a mix of studio, one-, two-, and three-bedroom units.– The property was remodeled by the seller, who invested $1 million in improvements.– A 14-unit apartment building in Anaheim sold for nearly $6 million, or $421,000 per unit.– The building is located near the Anaheim Packing House and recently underwent renovations.

As highlighted by OC Register, Adams Marketplace, a 65,116-square-foot shopping center anchored by Smart & Final in Huntington Beach, has been sold for $29 million. The sale was facilitated by JLL Capital Markets. The buyers remain unidentified, but they are described as an “Orange County-based investor.”

The shopping center, which is 49 years old, underwent renovations in 2022. In addition to Smart & Final

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