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A five-property retail portfolio in Laguna Beach just sold to 4G Ventures for $32.9M.
The portfolio includes an eight-unit oceanfront vacation rental property, Sunset Cove Villas at 683 Sleepy Hollow Lane, a mixed-use housing property at 775-793 Laguna Canyon, the Seven-Degrees event center at 891 Laguna Canyon, a mixed-use property at 689 South Coast Highway and a residential lot at 615 Griffith Way.
The portfolio was sold as part of a 1031 exchange.
CBRE First Vice President Nathan Holthouser repped the buyer, a local real estate investor.
Holthouser, along with Hom Sotheby’s International Realty founding partners Brad and Sara Hinman and Coldwell Banker Commercial Senior Associate Jim Batlle, repped the seller, a private selling partnership.
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