Marcus & Millichap Negotiates $10.8M Sale of Shopping Center in Huntington Beach

by Nellie Day

HUNTINGTON BEACH, CALIF. — Marcus & Millichap has brokered the sale of Seagate Plaza, a shopping center located at 16107 Bolsa Chica St. in Huntington Beach.

Cathy Investments acquired the property from Asbury Properties for $10.8 million.

Carl’s Jr., Seagate Veterinary Hospital, Classic Cleaners, Seagate Liquor & Grocery, Subway and Coastline Dental occupy the 30,234-square-foot retail plaza, which was built in 1975.

Joseph Lising of Marcus & Millichap represented the buyer in the 1031-exchange transaction.

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