CBRE, Inc., as exclusive advisor, is pleased to present 1600 Forbes Way (the “Property” or “Building”), a 67,502 SF flex building in infill Long Beach, CA. The 3.5-acre site is in the highly desirable South Bay market, with immediate access to the 710 and 405 freeways, and 7 miles from the Ports of Los Angeles and Long Beach.
Current zoning allows a wide range of commercial/industrial uses, presenting investors with the unique opportunity for industrial redevelopment or repositioning of the existing improvements including warehouse, manufacturing, or office. Upon sale, SES (“Owner”) will leaseback the entire premise on a triple net basis for 18 months with one six-month option to extend. SES is a leading global space solutions company that operates the world’s only multi-orbit satellite network, delivering high-performance connectivity and video services to governments, telecom providers, broadcasters, and enterprises across more than 80 countries.