LB5000, LLC Acquires 2.7 Acre Office Property In Long Beach, CA For $29M | 5000 & 5001 Airport Plaza Drive | Scott Schumacher, Kevin Shannon, Ken White, Sean Fulp, Ryan Plummer | Office | Sale

Summary

Sale

CALIFORNIA

Office

126,219 sqft

The property involved in this transaction is an office building located at 5000 & 5001 Airport Plaza Drive in Long Beach, CA. The property sits on approximately 2.7 acres of land. The transaction took place on 10/10/2022.

Summary of transaction details

Property Type: Office
Sale Price: $29,000,000
Square Footage: 126,219
Price per Square Foot: $230
Address: 5000 & 5001 Airport Plaza Drive, Long Beach, CA
Market: Long Beach, CA

The buyer in this transaction is LB5000, LLC, while the seller is WCCP Airport Plaza L.B. LLC. The deal was facilitated by the brokers Kevin Shannon, Ken White, Scott Schumacher, Sean Fulp, and Ryan Plummer from Newmark.

Players

All
7

Agents
5
Agencies
2

Scott Schumacher

Senior Managing Director

$476.1M Sold

Kevin Shannon

Co-Head of U.S. Capital Markets

$4.9B Sold

Ken White

Executive Managing Director

$3.6B Sold

Sean Fulp

Vice Chairman

$1.1B Sold

Ryan Plummer

Executive Vice President

$768.5M Sold

Newmark

Colliers International

Details

Deal Summary

SOLD

IMAGE: Scott Schumacher, Ryan Plummer, Kevin Shannon, Ken White & Sean Fulp DATE: 10/10/2022 ADDRESS: 5000 & 5001 Airport Plaza Drive MARKET: Long Beach, CA ASSET TYPE: Office ~ ACRES: 2.7 BUYER: LB5000, LLC SELLER: WCCP Airport Plaza L.B. LLC BROKERS: Kevin Shannon, Ken White, Scott Schumacher, Sean Fulp (@SeanaFulp) & Ryan Plummer - Newmark (@Newmark) SALE PRICE: $29,000,000 SF: 126,219 ~ PPSF: $230

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Address5000 & 5001 Airport Plaza Drive

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