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COSTA MESA, CALIF. — Newmark has brokered the sale of 1901 Newport Boulevard, a three-story office property in Costa Mesa. A private, high-net-worth investor acquired the asset from an undisclosed seller for $24.4 million. Paul Jones, Ryan Plummer, Brandon White, Kevin Shannon and Ken White of Newmark represented the seller in the deal.
Originally developed in 1985 and renovated in 2001, the 134,387-square-foot asset features a three-style atrium, custom marble flooring, open-air courtyards and seven fountains. Situated on 4 acres, the building is currently 85 percent occupied by a variety of tenants, including medical offices, traditional office users and retail.