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Optimus Properties Sells Two-Property Mixed-Use Portfolio in California for $11M

Block-71-Block-76-Carmel-CA

Block 71: Lot 5 and Block 76: Lot 11 offers a total of 7,108 square feet of retail, office and residential space.

CARMEL, CALIF. — Optimus Properties has completed the disposition of a two-property portfolio in downtown Carmel. Wheat LLC acquired the mixed-use portfolio for $11 million.

The sale consists of the 4,345-square-foot Block 71: Lot 5 building, with ground-floor retail and office space and second-floor residential space, and Block 76: Lot 11, a 2,763-square-foot retail property.

Michael Schoeder of Cushman & Wakefield’s Central Coast Operations, in collaboration with Dan Wald and Don LeBuhn of the firm’s Retail Investment Advisors Group in San Francisco, represented the seller in the deal.

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