Longpoint Realty Partners Acquires Retail Property In Greater Los Angeles Area For $22.7M

The retail property located at 5281 Holt Boulevard in the Greater Los Angeles Area has been sold in a recent transaction. The property, spanning 65,011 square feet, was sold by Pacific Properties Group. The seller was represented by Vanessa Haddad from CBRE. The buyer of the property is Longpoint Realty Partners, with Masih Waliyar from CBRE serving as their representative. The sale price for the property was $22,700,000, resulting in a price per square foot of $349.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $22,700,000
• Square Footage: 65,011
• Seller: Pacific Properties Group
• Seller's Representative: Vanessa Haddad - CBRE
• Buyer: Longpoint Realty Partners
• Buyer's Representative: Masih Waliyar - CBRE

The successful transaction showcases the collaborative efforts of industry professionals involved. Vanessa Haddad from CBRE represented the seller, Pacific Properties Group, while Masih Waliyar, also from CBRE, represented the buyer, Longpoint Realty Partners. The deal represents a significant investment in the retail market of the Greater Los Angeles Area.