JPI Acquires Multifamily Property In Long Beach For $14.7M

The multifamily property located at 450 The Promenade North in Long Beach was sold for $14,700,000. The property spans 68,741 square feet, resulting in a price per square foot of $214.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $14,700,000
• Buyer: JPI
• Seller: Monument Square Investment Group, Turnbridge Equities, Waterford Property Company
• Seller's Rep: Anthony Muhlstein, Chris Benton, Kevin Shannon, Ken White & Gabe Munson - Newmark

The sale of the multifamily property was facilitated by Anthony Muhlstein, Chris Benton, Kevin Shannon, Ken White, and Gabe Munson from Newmark. The key individuals involved in the transaction were pivotal in bringing the deal to fruition.