Lee & Associates Brokers $25 Million Sale of Mariner’s Mile Marine Center

Torrance, CA – February 28, 2012 – (RealEstateRama) — Lee & Associates Investment Services Group, representing the seller, VMA Mariner’s Mile, LLC, has brokered the $25 million sale of the iconic Mariner’s Mile Marine Center in Newport Beach, Calif. Mark Larson, president of Lee ISG and who represented the seller, said the buyer, a local private investor, purchased the property because of its 300 feet of frontage on Newport Bay and “pride-of-ownership.”