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Costa Mesa Complex Changes Hands for $7.3 Mil

COSTA MESA, CA-Back Bay Center LTD snaps up the mixed-use property, which was 98% occupied at the time of sale. The complex encompasses 35,300 sf of retail and 17,700 sf of office space.

By Erin Cassin | Updated on January 17, 2002

COSTA MESA, CA-A Costa Mesa mixed-use property has been sold in a deal valued at $7.3 million.

The complex, known as Back Bay Center, stands at 2651 Irvine Ave. It encompasses 35,300 sf of retail and 17,700 sf of office space. The property was 98% occupied at the time of sale. The center’s below market rents and close proximity to Newport Beach made it an attractive investment for the buyer, according to Sperry Van Ness broker Reza Etedali.

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