$2,950,000 USD
818-259-0476
2725 E South St
Long Beach, CA 90805
Bixby Knolls
HIGHLIGHTS
- Long-Term Absolute NNN Lease with Significant Annual Increases
- Provides an above market return for the sub-market with positive cash-on-cash potential
- High Profile and Successful Cannabis Company – Backpackboyz has several locations in California and Arizona
- Major On-Site Improvements – Ownership recently invested north of $700,000 to completely remodel the property
- Improvements include a new roof, HVAC system, plumbing/electrical, and resurfacing the entire parking lot
- Intrinsic Value in Real Estate – The asset sits on close to half an acre of light industrial land in a desirable corridor within Long Beach
FOR SALE DETAILS
PRICE
$2,950,000 USD
PRICE/SF
$1,593 USD /SF
CAP RATE
8.95%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Manufacturing
ADD'L SUBTYPES
Freestanding, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1976
UTILITIES
-
CLEAR CEILING HT
-
DOCKS
-
DRIVE INS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.48
LAND SF
20,900
ZONING
Industrial NI-2
APN/PARCEL ID
7121-010-008
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
818-259-0476
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
818-259-0476
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
