Meridian Capital Group Arranges $5.5M Loan For Oceanside Retail Center Deal

A retail shopping center located at 3418-3458 Long Beach Rd in Oceanside has been involved in a closed transaction. The property, spanning 18,500 square feet, is anchored by Trader Joe's, providing a convenient shopping destination for residents in the area.

Summary of transaction details:

• Property Type: Retail Shopping Center
• Transaction Amount: $5,500,000
• Address: 3418-3458 Long Beach Rd.
• Market: Oceanside
• Tenant: Trader Joe's
• Size: 18,500 square feet

The transaction involved a loan from New York Community Bank to facilitate the purchase of the retail shopping center. The Oheb and Sohayegh Families serve as the landlords of the property. Representing the deal on behalf of the buyers were David Oheb and David Hayum from Meridian Capital Group, a prominent brokerage firm.

Meridian Capital Group, known for its significant dealmaking activity, closed $40 billion in financing in 2020 alone. Their extensive network of lenders covers various property types, including multifamily, office, retail, hotel, mixed-use, industrial, healthcare, senior housing, and construction. For further information on how Meridian can benefit your portfolio, please reach out to their representatives:

• David Oheb - +1 212-612-0193 - [email protected]
• David Hayum - +1 212-612-0289 - [email protected]