"This sale transaction involved a phenomenal 6.3-acre chunk of real estate on busy Beach Boulevard,” said Senior Vice President and Principal Mike Abel of Lee and Associates’ Newport Beach office. “It made for a great deal for all parties involved as the seller, buyer and the city of HB are all very satisfied with the outcome."
Abel represented the seller, the Howard L. Abel Family Trust. Todd Laplante of Five Points Commercial represented the buyer, KINKA, LLC. The property will continue to be operated as a Ford dealership.
This deal comes on the heels of Lee Newport Beach’s $12.75 million industrial sale at 12101 Western Avenue in Orange County.