4014 Long Beach Blvd

INVESTMENT SUMMARY

This is an incredibly unique opportunity for an owner-user to purchase well below replacement cost OR for an investor with a going in cap-rate of nearly 7.5% with the Seller leasing their space back.

4014 Long Beach Blvd - A three-story class B office building in the vibrant Bixby Knolls neighborhood of Long Beach, CA. The property is comprised of three individual floors, each approximately 4,000 sqft, stacked on top of each other. Floor one has been recently remodeled and can be delivered vacant for an owner-user or can be rented in escrow for an investor. 

The Seller occupies the entire third floor (suites 300 and 310) and are willing to do a lease back for market rents at closing if the Buyer so chooses. They are also willing to vacate for an owner user if the user prefers to occupy the third floor.

There are 31 on-site parking spaces, 14 covered under the building and 17 surface spaces in the rear. This is an extremely well-maintained asset who's electrical, plumbing, phone lines, and interiors were all new as of 2005. Most recently suite 100 has been fully remodeled and the HVAC units have been replaced within the past four years. Current ownership believes they've spent approximately $400K since 2016 in general improvements of the building (buyer to verify).

INVESTMENT HIGHLIGHTS

Seller willing to lease back at market rents generating a going in cap rate of nearly 7.50%

As of 2005, all new plumbing, electrical, phone lines, DSL lines and interiors

New HVAC units within the last 4 years

Flexible Floor Plates allow for +/- 4,000 sqft suites or split into (2) individual +/-2,000 sqft suites.

Avg. Household Income more than $112K within a 1-mile radius

Population density of 207K+ residents within a 3-mile radius

Traffic Counts – 33,500 Vehicles Per Day

Ample On-Site Parking - 31 Total Parking Spaces