Coastal Commercial and Marcus & Millichap announced the successful $13.7 million sale of 2515 E. Coast Highway, a prominent multi-tenant retail property located in the heart of Corona del Mar. The transaction was represented by Nathan Holthouser of Coastal Commercial and Ron Duong of Marcus & Millichap.
The offering generated significant interest from the Orange County investment community, attracting more than 10 offers and multiple rounds of competitive bidding. Prospective buyers consisted primarily of high-net-worth private investors with ties to Orange County.
Ultimately, the property sold for $13.7 million, which is $700,000 above its $13 million asking price…