Elliot Gilbert Acquires Retail Property On Pacific Coast Hwy In South Bay For $5.6M

2301 Pacific Coast Hwy is a retail property located in South Bay. The property was sold on 07/30/2021 for a sale price of $5,600,000, reflecting a capitalization rate of 3.9%. The buyer of the property was Elliot Gilbert, while the sellers were Cherine Medawar and Jill Medawar. The buyer was represented by Jordan Rubinstein from Kennedy Wilson, and the seller was represented by Simon Mattox, Austin Wolitarsky, Dan Riley, Bill Durslag, Kyle Woods, and Sam Aaron from CBRE.

Summary of Transaction Details

• Property Type: Retail
• Transaction Amount: $5,600,000
• Date: 07/30/2021
• Address: 2301 Pacific Coast Hwy
• Market: South Bay
• Buyer: Elliot Gilbert
• Seller: Cherine Medawar & Jill Medawar
• Buyer's Rep: Jordan Rubinstein - Kennedy Wilson
• Seller's Rep: Simon Mattox, Austin Wolitarsky, Dan Riley, Bill Durslag, Kyle Woods, and Sam Aaron - CBRE
• CAP: 3.9%

The deal showcases the collaboration between Elliot Gilbert, the buyer, and Cherine Medawar and Jill Medawar, the sellers. Jordan Rubinstein from Kennedy Wilson represented Elliot Gilbert in the transaction, while Simon Mattox, Austin Wolitarsky, Dan Riley, Bill Durslag, Kyle Woods, and Sam Aaron from CBRE served as the representative for the sellers. This transaction represents a significant real estate investment and demonstrates the active market for retail properties in the South Bay area.