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9/22/21
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Khoshbin Company paid $22 mil for a 66.7k sf ($330/sf) office property in Costa Mesa. Constructed in 1978, the property is located on just over six acres at 3150 Bear St.
The building was renovated in 1996 after it was purchased by Trinity Broadcasting Network, which occupied the building until 2017. The buyer plans to occupy and renovate the property to include a car museum, on-site restaurant, coffee shop, private members club and multi-tenant creative offices.
Anthony DeLorenzo, Gary Stache, Doug Mack, Bryan Johnson and Justin Hill of CBRE represented the seller in the transaction. The buyer was self-represented.
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