644 Redondo Ave - Retail FOR SALE


Long Beach, CA 90814- Eastside Long Beach
$12,000,000 USD
818-917-3020
644 Redondo Ave, Long Beach, CA for Sale
$12,000,000 USD
Retail - FOR SALE
1/9
null | 6.13% Cap Rate

644 Redondo Ave
Long Beach, CA 90814
Eastside Long Beach


HIGHLIGHTS

  • $344 Per Square Foot
  • Established Grocery Anchor with Strong Sales
  • Below Market Rents
  • 34,899 SF Neighborhood Shopping Center in Prime Long Beach
  • Smart & Final Anchor Bolstered by Subway and a Mix of Service and Restaurant Tenants
  • Shadow-Anchored by Petco Unleashed

OVERVIEW

Net Lease Investment Opportunity in Prime Long Beach. Situated on a multi-acre lot, this 34,899 SF neighborhood center is anchored by Smart & Final, joined by Subway and a mix of service and restaurant tenants, adjacent to Unleashed by Petco. The high-visibility property resides along Redondo Avenue, an active north-south thoroughfare, serving the surrounding densely populated residential neighborhoods of southeast Long Beach. The high-volume sales grocery anchor attracts consistent daily consumer traffic, further complemented by a necessity-based tenant mix proven to generate repeat visits. Easily accessible with ample parking in the sprawling on-site lot, the property is a convenient retail destination, popular among area residents. An outstanding opportunity for commercial property investors looking to add a stable, needs-based asset in an established trade area with a nationally recognized anchor, strong local demographics, and long-term upside to their CRE portfolio.

FOR SALE DETAILS

PRICE

$12,000,000 USD

PRICE/SF

$384 USD /SF

CAP RATE

6.13%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

134

LAND DETAILS

LAND ACRES

2.27 AC

LAND SF

98,881 SF

ZONING

CCA, Long Beach

APN/PARCEL ID

7258-026-028

ASK ABOUT THIS PROPERTY

Dave O'ConnellCBM1 IncMore Info
818-917-3020

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Dave O'ConnellCBM1 IncMore Info
818-917-3020

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