Chris Walker of Triqor Group has announced the sale of a mix use property located on 710 Cherry Avenue and 2009 7th Street, on a major thoroughfare in the vibrant city of Long Beach. The seller, Columbine 2 Inc. was linked with the buyer, Michael Krantz and completed the transaction with a total sale price of $3,150,000, cap rate of 5.7% and GRM of 10.74. With 19 residential units and 6 retail units, Krantz realized the great potential of the mix use building, as well as the opportunity of buying a solid investment with over a 6% cap rate on market rents.
![25 Units in Long Beach Sold by Triqor Group 25 Units in Long Beach Sold by Triqor Group](https://triqorgroup.com/wp-content/uploads/bfi_thumb/Cherry-Property-Photo-12-ms35bk8w79h3i2dtgu5lk12h3dmtq4jzt6y9fhabp4.jpg)
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