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Off Market
1/5

1501 Hughes Way
Long Beach, CA 90810


HIGHLIGHTS

  • Versatile, high-image office building offering long-term cash flow
  • Stabilized, 78,404 SF multi-tenant office asset with 4.17 years WALT
  • Strategic Long Beach location at the confluence of the I-405 and I-710 freeways

OVERVIEW

1501 Hughes Way is a versatile office building offering a recently upgraded lobby and floor plates that can accommodate small to medium-sized tenants with ease. The rent roll is comprised of eight tenants with more than four years of weighted average remaining lease term, offering investors stable and secure cash flow with the opportunity to lease up the remaining 2,291 square-foot vacancy. Over the past seven years the Property has benefited from extensive, institutional-quality upgrades totaling approximately $1.2 Million. Renovations include elevator modernization, elevator cab remodel, ADA restroom conversion to all four floors, new cooling tower, common area upgrades, tenant amenities including a gym, and security system upgrades. Future ownership will benefit from exceptionally maintained product with no near-term, major capital improvements.

FOR SALE DETAILS

PRICE

-

CAP RATE

-

% LEASED

-

TENANCY

-

BUILDING DETAILS

PROPERTY NAME

Freeway Business Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

78404

STORIES

4

BUILDING CLASS

A

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

310

LAND DETAILS

LAND ACRES

2.75 AC AC

LAND SF

119,790 SF

ZONING

-

APN/PARCEL ID

7310-016-082