Pinnacle Real Estate Advisors Sells Cerritos Retail Property For $14.8M

Located in Cerritos, the retail property at 12221-17312 Norwalk Blvd. recently changed hands in a closed transaction. The property spans a total area of 52,382 square feet and was sold for a price of $14,800,000, resulting in a price per square foot of $282. The deal was facilitated by Peter Sengelmann, Eric Diesch, and Jackson Coon of Pinnacle Real Estate Advisors, who represented the seller.

Summary of Transaction Details

• Property Type: Retail
• Transaction Amount: $14,800,000
• Address: 12221-17312 Norwalk Blvd.
• Market: Cerritos
• Square Footage: 52,382
• Price Per Square Foot: $282

The seller was represented in the transaction by Peter Sengelmann, Eric Diesch, and Jackson Coon of Pinnacle Real Estate Advisors. The involvement of these individuals highlights the importance of their expertise in facilitating successful deals in the retail market.