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Coastal Commercial Inc Acquires Vans-Occupied Retail Property In Long Beach For $4.3M

Property Image
SOLD
$4,325,000
John Redfield
Chris Tramontano
Nathan Holthouser

California

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Retail3,749 SF
Sold
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SOLD

Coastal Commercial Inc Acquires Vans-Occupied Retail Property In Long Beach For $4.3M

5232 2nd St Long Beach, Ca 90803, Usa

See Similar Deals
Retail3,749 SF
Sold
John Redfield
Chris Tramontano
Nathan Holthouser
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1,153
Total Square Footage:3,749 SF
Transaction Type:Sale

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

Nathan Holthouser
Coastal Commercial
Nathan Holthouser
9 deals$46.7M volume
BROKER
Chris Tramontano
SRS Real Estate Partners
Chris Tramontano
6 deals$82.9M volume(949) 698-1112
BROKER
John Redfield
SRS Real Estate Partners
John Redfield
13 deals$557.8M volume
BROKER

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.

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