Kyle Ransford Acquires Retail Property In Hermosa Beach For $5M

The retail property located at 901 Hermosa Avenue in Hermosa Beach, CA has been sold for a price of $5,000,000. The property spans an area of 8,300 square feet, resulting in a price per square foot of $602. The transaction took place on 09/12/2022.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $5,000,000
• Address: 901 Hermosa Avenue, Hermosa Beach, CA
• Market: Hermosa Beach, CA
• Size: 8,300 square feet
• Price per Square Foot: $602

The buyer of the property is Kyle Ransford, while the seller is Melvin G. Dahle. The transaction was facilitated by the Simon Mattox, Austin Wolitarsky, Dan Riley, Bill Durslag, and Kyle Woods from Socal Retail Advisory at CBRE Capital Markets.