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.