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350 National Boulevard

Reuven Chai Levy Purchases Retail Property From Matt Rettner In Long Beach For $2.5M
SOLDRetail

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:

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

Aaron Jungreis

Rosewood Realty Group

Broker

$4.4B

vol

214 deals

Broker
Rosewood Realty Group
Rosewood Realty GroupBrokerage

Matt Rettner

Seller

$13M

vol

5 deals

Seller

Long Beach 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

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93