Marina del Rey’s Esprit Apartment Complex Sells for $225 million – 13900 Marquesas Way
The Esprit aparment complex in Marina del Rey sold for $225,000,000. This sale marks one of the largest real estate deals of the year in Southern California.
Miscikowski is the widow of developer Douglas R. Ring, who was one of Marina del Rey’s largest property leaseholders and apartment owners. His company completed the Esprit in 2008 on land it leased from Los Angeles County.
The new owners have assumed the land lease and will start work on $5.3 million worth of improvements to the Esprit.
- Marina del Rey lies on 400 acres of unincorporated land in Los Angeles County. In recent years, county officials have mounted a push to spruce up the neighborhood around the public marina that was dedicated in 1965. The land there remains owned by the county, which has urged leaseholders to upgrade their restaurants, shopping centers, hotels and apartments in the hope of creating a more dynamic community.
“We absolutely believe the marina has a tremendous amount of upside and are very excited about this opportunity,” he said. “We perceive this to be the premier property there in terms of location and quality of the units.”
The 18-acre Esprit site has five buildings and a marina with 227 boat slips available for rent.
- AMLI Marina Luxury Apartments are set to Replace Bar Harbor in Marina del Rey
- Marina del Rey’s Fisherman’s Village May be Getting a Major Facelift!!
- Marina del Rey
- Google has Expanded its Borders to Playa Vista | Huge Land Acquisition in Playa Vista
- Former postal distribution center near Marina del Rey sells for $44,000,000.00
- View every Single Family, Condo, Loft and Townhome Home for Sale in Marina del Rey – Marina del Rey Real Estate – MDR Condos
- FHA Mortgage Price Hike Hits Borrowers – Marina del Rey Real Estate
- View Every Single Family Home for Sale in Marina del Rey – Marina del Rey Real Estate – Contact MDR Condos with any Questions email@example.com