100 W. Broadway

100 W. Broadway | Long Beach, CA

195,000 Square Foot Office Building


Details

Date Purchased: August, 2005
Purchase Price: $31,300,000
Sale Price: $35,200,000
Sale Date: November, 2015
Holding Period: 123 months

Completed Business Plan

  • Acquired 100 W. Browaday in 2005.
  • Performed renovation of common areas and tenant suites.
  • Executed multiple leases to stabilize the property.
  • Sold the project after 10 years and executed a 1031 exchange into two new investments.

Persius Creative