Marina Offices Sell for $5 Million

LOS ANGELES-A group of private investors from Northern California has paid $5 million for the Marina Design Center, a small but fully leased office complex in Marina del Rey.

The building, which has six office suites with 20-foot ceilings and open mezzanines, stands at 4052 Del Rey Ave. The buyer is privately held Interstate Equities Corp., which was represented in the transaction by the LA office of TOLD Partners.

The seller, a local private partnership known as Lincoln Del Rey Ltd., was represented by the local office of WESTMAC Commercial Brokerage Co. The building is adjacent to the Marina Freeway and was built in 1989.