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MANHATTAN BEACH, CALIF. – A 5,782-square-foot retail property in Manhattan Beach that is triple-net leased to JPMorgan Chase Bank has sold to a private family trust in a 1031 exchange for $6.2 million. The free-standing property is located at 1727 Artesia Blvd. JPMorgan Chase holds a long-term 15-year NNN lease at the property. The buyer was represented by CBRE. The seller, Sackley Family Trust, was represented by Chris Tramontano and Mike Ward of Faris Lee Investments in this all-cash transaction.