The Esplanade, Costa Mesa

February 16, 2019

Address:  The Esplanade, Costa Mesa

Description:  145,667 sq. ft. eight-building flex, office and industrial park

Buyer:  The Orange County Department of Education

Seller:  CIP Real Estate

Assignment:  Develop and implement a marketing program for the disposition of a second-generation mixed-use business park for sale.

Result:  Generated multiple offers to purchase the property, obtaining a then-record price for the product type.

Total Value of the Transaction:  $15,995,000