1720 E Anaheim St - Food Processing FOR SALE


Long Beach, CA 90813- Downtown Long Beach
$2,500,000 USD
310-717-7477
1720 E Anaheim St, Long Beach, CA for Sale
$2,500,000 USD
Food Processing - FOR SALE
1/11
null | 5.75% Cap Rate

1720 E Anaheim St
Long Beach, CA 90813
Downtown Long Beach


HIGHLIGHTS

  • Attractive going-in yield
  • Newly-updated, GMP certified facility
  • Strong market dynamics and affluent local demographics
  • Industrial/laboratory/kitchen and extraction facility
  • CCP Zoning (located in the Long Beach cannabis zone)
  • Proximate to the 710 and 405 Freeways

OVERVIEW

Raakel Real Estate, as sole and exclusive agent, is pleased to offer for sale the fee simple interest in the 5,632 square-foot single-tenant light industrial building located in the heart of long Beach, CA. This newly-updated and up-to-code manufacturing and extraction facility is currently leased to a tenant under a five-year base term with one five-year extension option paying a current rent of $2.00/PSF (NNN) with 5.0% annual rent escalations.This offering presents a unique opportunity to acquire a GMP-certified facility, located within a high barrier-to-entry market at a favorable going-in yield. Do not contact the tenant/any employees at the Property nor the Owner without prior written authorization from Broker. Please contact me for more information: Jared Hershler Cell: 310-717-7477 Email: jared@hershlerhospitality.com DRE# 02019478 Broker of Record: Raakel Real Estate Corp. License# 02190082

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$444 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Food Processing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13

LAND SF

5,663

ZONING

CCP

APN/PARCEL ID

7261-029-025

ASK ABOUT THIS PROPERTY

Jared HershlerHershler HospitalityMore Info
310-717-7477

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Jared HershlerHershler HospitalityMore Info
310-717-7477

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