Mehran Sad Acquires Retail Property In Long Beach For $4.4M

A retail property located at 1002-1030 East Pacific Coast Hwy in Long Beach has been sold in a recent transaction. The property spans 25,045 square feet and is situated in a prime location along the Pacific Coast Highway. The sale price for this retail asset was $4,400,000, resulting in a price per square foot of $175. Ali Lodin and Ryan Sharpe were the brokers involved in the deal.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,400,000
• Address: 1002-1030 East Pacific Coast Hwy, Long Beach
• Market: Long Beach
• Brokers: Ali Lodin & Ryan Sharpe

Mehran Sad purchased the retail property from Rami Grinwald. The transaction was completed on 08/27/2021. The asking price for the property was $4,800,000, indicating a successful negotiation resulting in a sale below the initial asking price.