Mason Ghaniabadi, Jordan Meehan, Grayson Hume, Randy Keith, And Edward Rice Acquire Retail Asset In Portsmouth For $9.75M

The property asset involved in the transaction is a retail space located at 1241 Frederick Boulevard in Portsmouth, VA. The sale price for the property was $9,750,000, with a total square footage of 49,861, resulting in a price per square foot of $195.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $9,750,000
• Address: 1241 Frederick Boulevard
• Market: Portsmouth, VA
• Square Footage: 49,861
• Price Per Square Foot: $195
• Buyer: Mason Ghaniabadi, Jordan Meehan & Grayson Hume - Spark Properties Group; Randy Keith & Edward Rice - KM Realty Advisors
• Seller: Rivercrest Realty Investors
• Broker: Thompson Brown - Berkeley Capital Advisors

The deal involved multiple buyers, specifically, Mason Ghaniabadi, Jordan Meehan, and Grayson Hume from Spark Properties Group, along with Randy Keith and Edward Rice representing KM Realty Advisors. The seller of the property was Rivercrest Realty Investors, with Thompson Brown from Berkeley Capital Advisors acting as the broker in this transaction.