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December 18, 2018
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RETAIL NEWS
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Long Beach Wells Fargo Bank Property Sells for $1,877/sf

2/05/18

A 3.5k sf, retail property net-leased to Wells Fargo Bank in Long Beach has sold for $6.57 mil, or $1,877/sf.

The Wells Fargo Bank is located on half an acre at 4411 Pacific Coast Highway. The newly constructed property is a build-to-suit for Wells Fargo. It is located at a prime, hard corner location with frontage on the Los Alamitos Circle, Pacific Coast Highway, and Outer Traffic Circle. The property is leased under a 10-year triple-net lease with five, five-year options to renew.

Kevin Boeve with Marcus & Millichap represented the seller, a partnership. The buyer, an individual/personal trust, was repped by Neema Ahadian, also with M&M.





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