SOLD
Coastal Commercial Inc Acquires Vans-Occupied Retail Property In Long Beach For $4.3M
5232 2nd Street
Retail
3,749 SF
3,749 SF
Sold 283 days ago
Summary
Sale
CALIFORNIA
Retail
3,749 sqft
The SRS Real Estate Partners' National Net Lease Group has successfully closed a transaction for a single-tenant retail property in Long Beach, CA. The property, located at 5232 2nd Street, was sold for a total price of $4,325,000. The retail space spans across 3,749 square feet, resulting in a price per square foot of $1,154. This sale showcases the strong demand for quality retail assets with reputable tenants.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,325,000
- Address: 5232 2nd Street
- Market: Long Beach
The buyer's representative in this deal was Nathan Holthouser from Coastal Commercial Inc. On the other hand, representing the seller's side were Chris Tramontano and John Redfield from SRS Real Estate Partners. This transaction highlights the interest of investors in acquiring retail properties with reputable tenants, leading to a high price per square foot.
Players
All
5
Agents
3
Agencies
2
Details
SOLD
IMAGE: Chris Tramontano, John Redfield & Nathan Holthouser
DATE: 07/26/2023
ADDRESS: 5232 2nd Street
MARKET: Long Beach
ASSET TYPE: Retail
BUYER'S REP: Nathan Holthouser -Coastal Commercial Inc
SELLER'S REP: Chris Tramontano & John Redfield - SRS Real Estate Partners
SALE PRICE: $4,325,000
SF: 3,749 ~ PPSF: $1,154
NOTE: SRS Real Estate Partners' National Net Lease Group completed a $4.325 million sale of a single-tenant retail property occupied by Vans in Long Beach, CA. The strong demand and high price per square foot demonstrate investors seeking quality retail assets with reputable tenants.View on map
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Address5232 2nd Street
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