Samimi CRE Advisors
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    Closed Case Study

    24816 Narbonne Avenue, Lomita, CA

    24816 Narbonne Ave, Lomita — Retail Property Sold $960,000

    24816 Narbonne Avenue, LomitaClosed June 2023Represented Buyer Representation
    24816 Narbonne Avenue — closed by Cameron Samimi

    Price

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    Units

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    $/Unit

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    Type

    retail

    Deal summary

    24816 Narbonne Avenue, Lomita, CA is a retail property that sold for — in June 2023. Cameron Samimi of Samimi CRE Advisors represented the Buyer Representation in the transaction.

    The Challenge

    My client, Bruno Chavez, sought a strategic retail acquisition in Lomita. The market presented limited viable opportunities that met his investment criteria for location and price point. Identifying an off-market or overlooked asset was crucial to a successful transaction.

    What We Did

    I leveraged my extensive network to identify 24816 Narbonne Avenue, an unlisted retail property. I then engaged directly with the seller, Jocelyn Johnson, to understand her objectives and negotiate terms proactively. This direct approach avoided competitive bids and streamlined the process.

    The Result

    I successfully brokered the sale of the 2,904 square foot retail asset at 24816 Narbonne Avenue in Lomita. The property transacted for $960,000, achieving a price per square foot of $330. This acquisition perfectly aligned with my client's investment strategy.

    Verified coverage

    This closing was reported by Traded (June 2023).

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