Thrifty Oil Co. Acquires Office Building In Long Beach For $35.8M
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This Office property located in CA was sold for $35,800,000 over 5 years ago. The brokers of the deal were Nico Napolitano, Robert Garey, and Ed Hernandez
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- Location180 East Ocean Boulevard, Long Beach, CA 90802, USA
- Sale Price$35,800,000$179 PPSF
- Area200,000 SF
- Asset TypeOffice
- Parties3 Brokers, 1 Agency
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Deal Summary
SALE
IMAGE: Omer Ben-Zur, Robert Garey, Jeffrey Cole, Ed Hernandez
DATE: 08/23/2018
ADRESS: 180 E. Ocean Blvd.
MARKET: Long Beach
CITY: Los Angeles
ASSET TYPE: Office building
PRICE: $35,800,000
SF: 200,000
PPSF: $180
BROKERS: Jeffrey Cole, Robert Garey, Ed Hernandez, Nico Napolitano
BUYER: Thrifty Oil Co.
SELLER: Salvation Army
NOTE: The Salvation Army’s phased departure from the
building “offers a rare repositioning opportunity of
one of the most recognizable office assets in Long Beach,”
Cole said in a statement. “(The property) was sold at a
significant discount to replacement cost and proved an ideal
investment for the buyer.” (LABJ)
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180 East Ocean Boulevard
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