Pismo Beach Retail Property Sold For $1.15M With Brokers Ray Rodriguez & Mathew Freedman

A retail property located at 200 Five Cities Dr. in Pismo Beach has been sold for $1,150,000. The property spans 2,696 square feet and was sold at a price per square foot of $426. The transaction took place on May 4, 2021, with a cap rate of 6.3%.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $1,150,000
• Square Footage: 2,696
• Price per Square Foot: $426
• Cap Rate: 6.3%

The sale of the retail property was facilitated by brokers Ray Rodriguez and Mathew Freedman of Lucrumre - KWCommercialSocal. They represented the parties involved in the transaction, bringing together the buyer and seller to successfully close the deal.