City Of Long Beach Acquires Industrial Property From Robert W. Atkins For $9.9M

The asset involved in the transaction is an industrial property located at 1827 East Spring Street in Long Beach. The property spans 27,256 square feet and was sold for a total sale price of $9,900,000, resulting in a price per square foot of $363.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $9,900,000
• Address: 1827 East Spring Street
• Market: Long Beach
• Square Footage: 27,256
• Price Per Square Foot: $363
• Buyer: City of Long Beach, a Municipal Corporation
• Seller: Robert W. Atkins
• Seller's Representative: Andrew DeFendis & Mark DeGiorgio - Institutional Property Advisors - Marcus & Millichap

In this transaction, the buyer is represented by the City of Long Beach, while the seller, Robert W. Atkins, has the support of representatives Andrew DeFendis and Mark DeGiorgio from Institutional Property Advisors at Marcus & Millichap acting in the capacity of seller's representatives.