SOLDRetail
Ben Gott, Colby Cyburt & John Pomer Acquire Retail Asset From SITE Centers For $50M
95 South Pine Avenue
$50,000,000
$126/SF
Building Size
394,616 SF
Asset Type
Retail
Closing
Jun 30, 2026
AI
The retail property located at 95 South Pine Avenue in Long Beach encompasses 394,616 square feet and was sold for a transaction price of $50,000,000. The price per square foot is $126.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $50,000,000
- Sale Date: 06/30/2026
- Buyer: Ben Gott, Colby Cyburt & John Pomer - Redwood West; Panattoni
- Seller: SITE Centers
- Seller's Representative: Bryan Ley & Tim Kuruzar - NorthMarq
The deal involved Ben Gott, Colby Cyburt, and John Pomer representing the buyer group Redwood West and Panattoni. SITE Centers acted as the seller in this transaction.
Players
Market Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93