The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 29, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?





LOS ANGELES COUNTY NEWS
Printer-friendly Version   Email an Associate
Private Investor Buys 1.25-Acre Retail Property in Long Beach

2/10/23

In Long Beach, a private investor acquired a 1.25-acre retail property NNN fully leased to Dollar Tree and Family Dollar Inc. The property, located at 5117 Atlantic Ave, was sold by Ramser Development Company, who purchased the asset in 2019 as part of a 1031 exchange.

Built in 1955 and renovated in 2016, the infill property consists of two free-standing buildings totaling 21.8k sf, along with 51 parking spaces. It is well-positioned along Atlantic Ave, a primary retail corridor through central Long Beach, and is accessible to a population of more than 680,000 people within a five-mile radius.

Dollar Tree and Family Dollar are national credit tenants with a recent upgrade of their investment grade credit to BBB and are considered essential U.S. retailers.

Phil Ramming of Faris Lee represented Ramser Development, which plans to reallocate the proceeds into one or more facilities in its core business of RV and Boat Storage, self-storage and industrial outdoor storage. The buyer was repped by Mark Repstad of Southland Commercial Real Estate. The price was not given out.

Ramser Development’s established portfolio includes over 1.5 msf of RV and Boat Storage property, and over 6,200 indoor and outdoor storage spaces. The firm is aggressively pursuing new indoor and outdoor RV and Boat Storage investment opportunities in select locations throughout the Sunbelt, Mountain West and Pacific Northwest regions of the U.S.





Return to the Archive page


 


 


 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media