FloydGroupCRE Acquires Mixed-Use Property In Manhattan Beach For $3.5M

A mixed-use property located at 230 40th St in Manhattan Beach has been sold for $3,500,000. The property spans 3,221 square feet with a price per square foot of $1,086.62. It consists of 5 units, resulting in a price per unit of $700,000.

Summary of transaction details

• Property Type: Mixed-Use
• Transaction Amount: $3,500,000
• Square Footage: 3,221
• Price per Square Foot: $1,086.62
• Units: 5
• Price per Unit: $700,000

The sale of this property was an all-cash transaction with a 30-day closing period. The deal was facilitated by the following brokers: Floyd Shaheen and Emily Shikhvarger from FloydGroupCRE, as well as Aida Memary, Glen Scher, and Filip Niculete from LAAATeam.