310-363-4906
1600 Forbes Way, Long Beach, CA for Sale
Office - FOR SALE
1/5
null | Request Cap Rate

1600 Forbes Way
Long Beach, CA 90810
Bixby Knolls


HIGHLIGHTS

  • Short-term leaseback from SES provides strong current income and a clear path to land access, allowing ample time for development planning.
  • Site is zoned for various industrial uses including distribution and manufacturing, in the City of Long Beach, allowing 55% max coverage
  • Located at the intersection of the 405 and 710 freeways, and provided with multiple points of ingress & egress off Via Oro Ave, Hughes Way, & Forbes
  • South Bay market attracts high quality, sticky users on account of proximity to the Port of Los Angeles/Long Beach complex and LAX
  • This established, infill market has very few opportunities for redevelopment, and is regarded as one of the strongest rent growth markets

OVERVIEW

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.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Distribution, Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.51 AC

LAND SF

152,896 SF

ZONING

PD26

APN/PARCEL ID

7310-016-060

ASK ABOUT THIS PROPERTY

310-363-4906

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

310-363-4906

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