Meishuang Wang And Quianquian Ying Acquire Retail Property In Downtown LA From The Meruelo Group For $12M

The retail property located at 1046 S. Olive Street in Los Angeles has been sold for $12,000,000. The property, measuring 16,050 square feet, is situated in the Downtown LA market. The transaction took place on March 14, 2018. The buyer of the property is Meishuang Wang and Quianquian Ying, while the seller is The Meruelo Group - Alex Meruelo. This property was previously sold in 2005 for $3.5 million.

Summary of Transaction Details

• Property Type: Retail
• Transaction Amount: $12,000,000
• Address: 1046 S. Olive Street, Los Angeles
• Market: Downtown LA
• Buyer: Meishuang Wang and Quianquian Ying
• Seller: The Meruelo Group - Alex Meruelo

This transaction showcases the acquisition of a retail asset in the Downtown LA market. Measuring 16,050 square feet, the property at 1046 S. Olive Street was successfully purchased by Meishuang Wang and Quianquian Ying from The Meruelo Group - Alex Meruelo. The property was last sold in 2005 for $3.5 million.