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Newport Beach, Calif. — SRS Real Estate Partners has negotiated the $5.2 million sale of a single-tenant retail property located on the Balboa Peninsula in Newport Beach. A 7-Eleven convenience store has occupied the 3,651-square-foot site for more than 48 years. Kevin Held of SRS Capital Markets represented the seller, a California-based family trust. The buyer was a California-based private investor.