3970-3978 Atlantic Ave - Storefront Retail/Office FOR SALE


Long Beach, CA 90807- Bixby Knolls
$1,913,000 USD
949-350-5431
3970-3978 Atlantic Ave, Long Beach, CA for Sale
$1,913,000 USD
Storefront Retail/Office - FOR SALE
1/6
null | 6.27% Cap Rate

3970-3978 Atlantic Ave
Long Beach, CA 90807
Bixby Knolls


HIGHLIGHTS

  • Rare Bite-Sized Opportunity in a High-Barrier-to-Entry Submarket
  • Attractive Value-Add Opportunity with a 10.06% Pro Forma Cap Rate | Several Month-to-Month Leases Allow for Immediate Access to Upside
  • Highly Prominent Billboard Signage Provides Excellent Visibility and an Additional Passive Income Stream

OVERVIEW

--Rare Bite-Sized Opportunity in a High-Barrier-to-Entry Submarket --Attractive Value-Add Opportunity with a 10.06% Pro Forma Cap Rate | Several Month-to-Month Leases Allow for Immediate Access to Upside --Highly Prominent Billboard Signage Provides Excellent Visibility and an Additional Passive Income Stream --Rare Los Angeles County Asset with Value-Add Potential -Below Market Rents and Month-to-Month Leases Provide an Immediate Opportunity for Upside -Prime Bixby Knolls Location with Exceptional Visibility Along Atlantic Avenue -Executive Office Suites Create Multiple Options and Flexibility for Leasing --Prime Bixby Knolls Location -Positioned in Bixby Knolls, One of Long Beach’s Most Desirable Neighborhoods with Limited Supply -Excellent Exposure Along Atlantic Avenue, a Key North-South Thoroughfare Through Long Beach with Traffic Counts Exceeding 44,000 Cars Per Day at the Nearby Intersection --Strong Real Estate Fundamentals -Located Just One Mile from Interstate 405 Freeway and Two Miles from Interstate 710 Freeway, Providing Connectivity to Major Los Angeles County Markets -Dense, Infill Long Beach Trade Area with Over 657,000 Residents Within Five Miles -Average Household Incomes Exceed $102,000 Within the Immediate Trade Area

FOR SALE DETAILS

PRICE

$1,913,000 USD

PRICE/SF

$149 USD /SF

CAP RATE

6.27%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bixby Knolls Shops & Executive Offices

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

E Marshall Pl

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

LBCNP

APN/PARCEL ID

7138-017-013

ASK ABOUT THIS PROPERTY

Ron DuongMarcus & MillichapMore Info
949-350-5431

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

Ron DuongMarcus & MillichapMore Info
949-350-5431

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