SOLD
MG Properties Group Acquires Mixed-Use Property In Long Beach For $48.9M
595 Pine Avenue
Mixed-use
9,000 SF
9,000 SF
Sold 1 year ago
Summary
Sale
CALIFORNIA
Mixed-use
9,000 sqft
The mixed-use property located at 595 Pine Ave in Long Beach has been sold in a closed transaction. The sale took place on April 15, 2019, with a purchase price of $48,900,000. The property spans across 9,000 square feet, resulting in a price per square foot of $5,433. It consists of 158 units, with a per-unit price of $309,493.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $48,900,000
- Square Footage: 9,000
- Price per Square Foot: $5,433
- Number of Units: 158
- Price per Unit: $309,493
MG Properties Group acted as the buyer in this transaction, while Sares-Regis Group was the seller. The deal was facilitated by brokers Sean Deasy and Blake Rogers from HFF.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Sean Deasy and Blake Rogers
DATE: 04/15/2019
ADDRESS: 595 Pine Ave
MARKET: Long Beach
ASSET TYPE: Mixed-Use
PRICE: $48,900,000
SF: 9,000
PPSF: $5,433
UNITS: 158
PPU: $309,493
BUYER: MG Properties Group
SELLER: Sares-Regis Group
BROKERS: Sean Deasy, Blake Rogers - HFFView on map
Loading...
Address595 Pine Avenue
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want