Wolfgang Jordan Acquires Retail Property In Long Beach From Alok Chanani

Located at 1960 Santa Fe Ave in Long Beach, this retail property was recently sold in a closed transaction. The property spans a total area of 3,010 square feet, with a price per square foot of $659. The asset was listed with an asking price of $1,975,000 and ultimately sold for $1,985,000, resulting in a cap rate of 4.8%.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $1,985,000
• Market: Long Beach

Wolfgang Jordan was the buyer in this transaction, while Alok Chanani served as the seller. The deal was facilitated by brokers Chris Comfort and Kristen Sullivan.