Eli Zhou And Michael Smith Of Sunnyvale Properties Acquire Retail Asset From Simon CRE And Robert Brown For $2.84M

The asset involved in the transaction is a retail property located at 1054 E Southern Ave. The sale was finalized on May 22, 2024, with a transaction amount of $2,836,363.00.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $2,836,363.00
• Buyer: Eli Zhou and Michael Smith from Sunnyvale Properties
• Seller: Simon CRE and Robert Brown from Downtown Developments
• Brokers: Jeffrey Estrada and Neema Ahadian from Marcus & Millichap

This transaction involved key participants including Eli Zhou and Michael Smith, who represented the buyer, Sunnyvale Properties. The sellers were Simon CRE and Robert Brown, associated with Downtown Developments. Jeffrey Estrada and Neema Ahadian facilitated the deal as the brokers from Marcus & Millichap.