213-446-7543
150 Long Beach Blvd, Long Beach, CA for Sale
Office - FOR SALE
1/11
null | Request Cap Rate

150 Long Beach Blvd
Long Beach, CA 90802
Downtown Long Beach


HIGHLIGHTS

  • 5:1,000 Parking | Owner/User Sale Opportunity | Long Beach, CA
  • Coastal Urban Center with World Class Amenities w/ Approx. $3.5B in Development Underway in Long Beach
  • Excellent Regional Access

OVERVIEW

EXCEPTIONAL COASTAL LOW-RISE OWNER/USER OFFICE OPPORTUNITY * Modern 3-Story ±49,852 SF office building with ±5:1,000 parking in Downtown Long Beach. Currently, the only office building for sale in the South Bay area with 5:1,000 parking that can immediately accommodate a 15K-50K SF occupier. * Unique ability to accommodate medical, governmental, and retail occupiers: Four level connected deck provides approximately 243 parking spaces (±5:1,000 ratio). Elevator served with high deck-to-deck clearance on all floors. ±18,186 SF of ground floor space with vaulted ceilings. Parking deck directly accessible from ground floor and 3rd floor, allowing for separation from co-tenancies. COASTAL URBAN CENTER WITH WORLD CLASS AMENITIES * Approximately $3.5 billion in development underway in Long Beach, which would add 7,000+ housing units and 1,000+ hotel rooms to the city. The forthcoming 2028 Summer Olympics, with several events hosted in Long Beach, is attracting significant investment in the city’s real estate. The city’s proactive Specific Plan is transforming the Property’s surrounding area into a dynamic live-work environment. * The Property straddles Downtown Long Beach’s most exciting neighborhoods: Pine Avenue Promenade is known as the "pulse-center of DTLB" and offers premium entertainment life with diverse food selections. East Village is distinctly indie & artistic and is one of DTLB's most intimate neighborhoods, filled with boutique shops and creative businesses. EXCELLENT REGIONAL ACCESS * DTLB is served by a integrated multi-modal transportation network that makes local and regional access fluid and seamless. Directly across from the Property is the 1st Street Station of Metro’s Blue Line, a 22-mile rail line that connects Long Beach to Downtown Los Angeles and beyond. * Two miles from the Property is I-710, which connects to I-405 and the region’s vast network of freeways. Long Beach International Airport is also only ±7 miles away. PREMIER BUSINESS HUB * Anduril’s 1.18M SF expansion solidifies Long Beach as a premier aerospace hub, creating a high-income employment density that will drive sustained demand across all surrounding commercial asset classes through 2027 and beyond. Palmer Luckey, Anduril’s founder, is a Long Beach native and student of its premier university, California State University, Long Beach. * The property is located near the Ports of Los Angeles and Long Beach. The Ports provide strong commercial real estate demand in the local market with an economic impact totaling ±$14.5 billion in annual trade-related wages.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Bank of America

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

243

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,094 SF

ZONING

LBPD30

APN/PARCEL ID

7281-018-015

ASK ABOUT THIS PROPERTY

Mark ShafferCBRE, Inc.More Info
213-446-7543

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Mark ShafferCBRE, Inc.More Info
213-446-7543

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.