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