Lorraine Sun Acquires Retail Property In Long Beach For $2.28M With Brokers Ali Lodin, Ryan Sharpe

A retail property located at 2165 Long Beach Blvd in Long Beach has been sold in a closed transaction. The property, with a market value of $2,280,000, was purchased through a sale facilitated by Lorraine Sun. The seller, Roger Lee, was represented by Ali Lodin and Ryan Sharpe from Kidder.Matthews. The property is a triple-net lease investment, providing a cap rate of 2.77%. The price per square foot for this transaction is $73.

Summary of transaction details

• Property Type: Retail (NNN)
• Transaction Amount: $2,280,000
• Address: 2165 Long Beach Blvd
• Market: Long Beach

Lorraine Sun successfully acquired the retail property located at 2165 Long Beach Blvd in Long Beach. The deal was made possible through the representation of Ali Lodin and Ryan Sharpe from Kidder.Matthews.