Office Property Sold In Redondo Beach For $5 Million With Brokers Eric Lastition & Geoff Ludwig

The property asset involved in this transaction is an office space located at 1706 South Elena Avenue in the Redondo Beach market. The sale price for the property was $5,000,000, covering a total area of 7,118 square feet, which equates to a price per square foot of $702.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $5,000,000
• Address: 1706 South Elena Avenue
• Market: Redondo Beach
• Square Footage: 7,118
• Price Per Square Foot: $702

Key individuals involved in the deal include brokers Eric Lastition and Geoff Ludwig, who are representatives from Newmark. They facilitated the transaction, contributing their expertise in the real estate market to successfully close the deal.