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95 South Pine Avenue

Ben Gott, Colby Cyburt & John Pomer Acquire Retail Asset From SITE Centers For $50M
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:

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

Tim Kuruzar

NorthMarq

Broker

$280.7M

vol

13 deals

Broker

Colby Cyburt

Redwood West

Buyer

$602.6M

vol

3 deals

Buyer
Panattoni
PanattoniBuyer
SITE Centers
SITE CentersSeller

Market Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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