Reuven Chai Levy Purchases Retail Property From Matt Rettner In Long Beach For $2.5M
350 National Boulevard
$2,500,000
$252/SF
Building Size
9,900 SF
Asset Type
Retail
Closing
Jun 30, 2025
AI
The retail property located at 350 National Boulevard in Long Beach has been sold for $2,500,000. This asset spans 9,900 square feet, resulting in a price per square foot of $252.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,500,000
- Sale Date: 7/1/2025
- Buyer: Reuven Chai Levy
- Seller: Matt Rettner
- Seller's Representatives: Aaron Jungreis, Ben Khakshoor, Alex Fuchs, Justin Levy - Rosewood Realty Group
The transaction saw Reuven Chai Levy acquiring the property from seller Matt Rettner, with representation provided by Rosewood Realty Group, specifically by Aaron Jungreis, Ben Khakshoor, Alex Fuchs, and Justin Levy.
Players
Long Beach 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93