Bolour Sells Bixby Point Retail Center Following Successful Value-Add Strategy
BOLOUR’s value-add expertise creates a best-in-class retail asset.
Location: 4000-4040 Atlantic Avenue & 610-612 Carson Street, Long Beach, CA
Market: Long Beach, CA Deal Type: Disposition Deal Size: 11,339 s.f. Sale Price: $10.3MM
Asset Class: Class A Retail
“Bixby Point sits on a highly visible corner within the high-income, high-density Long Beach coastal community. BOLOUR’s value-add strategy made the most of this trophy location, creating a new-and-improved Bixby Point and cementing its position as one of the submarket’s best-in-class retail centers. Now fully leased and achieving well above market rents, we’ve opted to sell the Class A asset, freeing up capital to pursue new opportunities that align with market trends, much as this property did.”
Mark Bolour, CEO
Bolour actively lends and invests in 18 markets across the U.S. and within a broad range of product sectors. Visit bolourassociates.com for more information or contact Kevin Saghian directly at 323.677.0550 x106 or email@example.com.