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Barak Investors Group Acquires Banning & LA Retail Package Deal For $6.7M

2971 W Ramsey Street & 1125 East El Segundo Boulevard
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This Retail property located in CA was sold for $6,700,000 over 3 years ago. The brokers of the deal were Armin Soleimani, Peyman Zargari, and David Maghen

Barak Investors Group has acquired a retail package deal consisting of two properties. The first property, located at 2971 W Ramsey Street in Banning, spans 9,000 square feet and was sold for $2.425 million. The second property, situated at 1125 E. El Segundo Blvd in LA, offers 11,904 square feet of retail space and was purchased for $4.275 million. The combined transaction amounts to $6.7 million for a total of 20,904 square feet, resulting in an average price per square foot of $320.

Summary of transation details

  • Property Type: Retail - Package Deal
  • Transaction Amount: $6,700,000
  • Address: 2971 W Ramsey Street ($2.425M - 9,000 SF) & 1125 E. El Segundo Blvd ($4.275M - 11,904 SF)
  • Market: Banning & LA

The deal was facilitated by the following brokers: Armin Soleimani of Global Platinum Properties, David Maghen, and Peyman Zargari of MIP Investment Corp. Armin Soleimani, representing Global Platinum Properties, played a key role in assisting the buyer, Barak Investors Group, in this transaction. David Maghen and Peyman Zargari, both from MIP Investment Corp, also contributed to the successful completion of the deal.

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Deals
  • Location
    2971 West Ramsey Street, Banning, CA, USA2971 West Ramsey Street, Banning, CA, USA
  • Sale Price
    $6,700,000$6,700,000
    $320 PPSF$320 PPSF
  • Area
    20,904 SF20,904 SF
  • Asset Type
    RetailRetail
  • Parties
    3 Brokers3 Brokers

Agents

Peyman Zargari

Peyman Zargari

Deals4
Sold$54M

David Maghen

David Maghen

Deals4
Sold$91.7M

Armin Soleimani

Armin Soleimani

Deals3
Sold$13M

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Deal Summary

[embed] SALE IMAGE: Armin Soleimani, David Maghen & Peyman Zargari DATE: 12/24/2020 ADDRESS: 2971 W Ramsey Street ($2.425M - 9,000 SF) & 1125 E. El Segundo Blvd ( $4.275M - 11,904 SF) MARKET: Banning & LA ASSET TYPE: Retail - Package Deal BUYER: Barak Investors Group BROKERS: Armin Soleimani @Armin_Soleimani - Global Platinum Properties, David Maghen @Davdoon & Peyman Zargari @FactRealty - MIP Investment Corp @FactRealty PRICE: $6,700,000 SF: 20,904 ~ PPSF: $320

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2971 W Ramsey Street & 1125 East El Segundo Boulevard

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