3029 E South St - Storefront Retail/Office FOR SALE


Long Beach, CA 90805- Bixby Knolls
$5,100,000 USD
951-285-3000
3029 E South St, Long Beach, CA for Sale
$5,100,000 USD
Storefront Retail/Office - FOR SALE
1/7
null | Request Cap Rate

3029 E South St
Long Beach, CA 90805
Bixby Knolls


OVERVIEW

Commercial Real Estate Services Company is pleased to present for sale the AAMCO Transmission Building, located at 3027–3029 E. South Street in Long Beach, California. This 15,727-square-foot, multi-tenant office/industrial building is situated in North Long Beach and offers an excellent investment opportunity. Currently 83% occupied, the property provides stabilized cash flow with long-term tenants in place. All existing leases have recently been extended for five-year terms, ensuring the operational stability of the property. A key advantage of this asset is the scarcity of comparable automotive/service spaces of this size in the area or surrounding cities, which enhances its market appeal. The building sits on a 0.31-acre lot and features 47 on-site parking spaces. It is ideally located across from Lakewood Regional Medical Center, and offers easy access to the 91, 710, and 605 freeways. The property is in close proximity to retail centers, restaurants, and other service-oriented businesses.

FOR SALE DETAILS

PRICE

$5,100,000 USD

PRICE/SF

$324 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

48

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

29,956 SF

ZONING

IL

APN/PARCEL ID

7121-010-036

ASK ABOUT THIS PROPERTY

Mitch RosenCommercial Real Estate ServicesMore Info
951-285-3000

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Mitch RosenCommercial Real Estate ServicesMore Info
951-285-3000

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