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Long Beach, CA

Long Beach Time Square

Posted In — Success Stories |
±12,000
BUILDING SF
1965
YEAR BUILT
±30,000
LAND AREA SF
6.00%
CAP RATE

The Levis Team closed a 7-tenant retail strip center in Long Beach.

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
 

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