Private investor Dwight Manly purchased the retail building at 347 Main St. in Seal Beach. The 5,817-square-foot building sold for $2.82 million, nearly $484 per square foot, with an 8 percent cap rate. Located on 0.37 acres, the one-story, unanchored strip center offers a daily traffic count of 46,000 and fronts Pacific Coast Highway. Tenants of the center include The Coffee Bean, Cingular Wireless, Quizno's Subs, Sunless Tanning, and Beach City Jewelers. Shaun Riley of Faris Lee Investments represented the buyer. Dean Curci of Cap Rate Properties (www.caprate.com) represented the seller, Lobo Seal Beach Associates.