Tova Capital Inc Buys Fully Occupied Long Beach Retail Complex For $6.2M

The retail complex located at 205-233 E. Anaheim St. in Long Beach, California, was sold for $6.2 million. The property comprises two 17,000-square-foot single-story buildings housing Trademark Brewing and Long Beach Rising. It is fully occupied with long-term leases in place, making it an attractive investment opportunity in downtown Long Beach.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $6,200,000.00
• Address: 205 E Anaheim St, Long Beach, CA
• Market: Long Beach
• Square Footage: 34,500
• Buyer: Tova Capital Inc
• Seller: Undisclosed
• Seller's Rep: Sheva Hosseinzadeh (Coldwell Banker)

Jared Swedelson from NAI Capital represented the buyer, Tova Capital Inc, in the off-market purchase of the retail complex. On the other side of the deal, Sheva Hosseinzadeh of Coldwell Banker Commercial BLAIR served as the representative for the undisclosed seller. This transaction marks Tova Capital Inc's first investment in the Long Beach market, and they plan to maintain long-term ownership of the retail property.