The property asset involved in this transaction is a retail strip center located at 248 North Lake Avenue in Pasadena, California. The sale was completed for a price of $2,500,000, which equates to a price per square foot of $388, encompassing a total area of 6,442 square feet.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,500,000
• Address: 248 North Lake Avenue
• Market: Pasadena
• Square Footage: 6,442
• Price Per Square Foot: $388
• Buyer: Arash Danialifar
• Seller: Larry Tashjian
• Buyer’s Rep: Jeffrey Ahn, Eric Mandell & Luc Hawkshaw - Ally Commercial Real Estate
• Seller’s Rep: Andrew Tashjian - Battleship Real Estate

Ally Commercial Real Estate represented the buyer in this acquisition, recognizing the property's potential to complement the buyer's existing portfolio. The involvement of Battleship Real Estate was noted in representing the seller, contributing to the conclusion of this transaction.