Long Beach Time Square
±12,000
BUILDING SF
1965
YEAR BUILT
±30,000
LAND AREA SF
6.00%
CAP RATE
Deal Highlights
Closed at 98% of the list price in a fluctuating and difficult financing market
Closed with first accepted offer at contract price
Wrote an escrow extension into the PSA so that the Seller could comfortably find a desirable upleg and successfully satisfy their 1031 exchange requirement.
Procured over five offers in the first 30-day marketing period