Mark Coffey and Rob Rowan of the Bailes & Associates, Inc. Orange County office represented the buyers of four office condominium at 4340 Von Karman, Newport Beach, CA. Two (2) units where purchased by individual investment groups: SC Investment Group and Newcastle Capital Group, LLC and two units were purchased by Wealth Ocean, Inc., a international trade services corporation based in Irvine, CA with offices in China. The transactions closed in Q4 2016 and Q1 2017. The total sales value was approximately $3M.
4340 Von Karman is a four-story Class A, LEED Gold Certified office building located with Koll Center Newport. The project is a development of Newport Beach-based Citivest, Inc. in partnership with Professional Real Estate Services, Inc. (PRES) and BitCentral.