8615 long beach boulevard
south gate, ca 90280
SALE PRICE: $1,900,000
Beach Boulevard, South Gate, CA 90280, an asset Daniel Hirth has sold for the 3rd time in the last 10 years. The single tenant retail/industrial building consists of ±16,648 SF of ground floor with an additional ±6,000 SF of mezzanine space on a ±20,353 SF lot, which immediately drew attention from numerous potential buyers due to its favorable features and prime location in South Gate.
The escrow process initially started in the beginning of 2021, and after a prolonged escrow and overcoming numerous hurdles, the sale of the retail/industrial building in South Gate, CA, successfully closed. The owner/user buyer secured an SBA loan to finance the acquisition.
The Hirth Group’s expertise in commercial real estate sales came to light here, dealing with legal issues it was essential to have quality agents that were able to keep the deal together for over 2 years. Due to rising interest rates and a volatile market this closing was nothing short of a miracle.