Graystone Brokers $18 Million Sale of Retail Building in Newport Beach, California

by Hayden Spiess

Newport Beach, Calif. — Graystone Capital Advisors has brokered the $18 million sale of a 5,700-square-foot retail building located in Newport Beach. Constructed in 1973, the property is situated on a 0.3-acre parcel with 75 feet of water frontage and views of Newport Harbor and the Pacific Ocean. Matthew Hardke of Graystone secured the buyer, an entity doing business as 2406 LLC, and arranged acquisition financing. James Boys LLC was the seller. 

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