Assa Properties Acquires Office Building In Downtown Long Beach For $85.5M

300 East 1st Street, Long Beach, California 90803, United States

$85,500,000

Building Size

—

Asset Type

Office

Closing

Feb 8, 2022

AI

Assa Properties, led by Isaac and Solly Assa, has acquired an office property located at 300 E. 1st St. in Downtown Long Beach. The transaction was facilitated by parallel Capital Partners, who acted as the seller. The deal was brokered by Kevin Shannon, Ken White, Rob Hannan, and Laura Stumm of Newmark. The office property was sold for a price of $85,500,000.

Summary of transaction details:

Property Type: Office
Transaction Amount: $85,500,000
Address: 300 E. 1st St., Downtown Long Beach
Market: Downtown Long Beach

Assa Properties, headed by Isaac and Solly Assa, acquired the office property located at 300 E. 1st St. in Downtown Long Beach. The sale, facilitated by Parallel Capital Partners, was brokered by Kevin Shannon, Ken White, Rob Hannan, and Laura Stumm of Newmark. The transaction amount for the office property was $85,500,000.

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