850 Long Beach Blvd - Retail FOR SALE


Long Beach, CA 90813- Downtown Long Beach
$3,100,000 USD
310-740-7283
850 Long Beach Blvd, Long Beach, CA for Sale
$3,100,000 USD
Retail - FOR SALE
1/5
null | 5.75% Cap Rate

850 Long Beach Blvd
Long Beach, CA 90813
Downtown Long Beach


HIGHLIGHTS

  • Leased to Ambitions California Inc | Mission-critical use leased to a 30+ year, multi-state healthcare and community services provider
  • 3% Annual Increases
  • Covered Land Play with transit oriented Zoning PD-29
  • Healthcare-anchored corridor near major hospitals and service providers
  • Gated and Secured with 18 parking spaces
  • Strong frontage and signage potential along Long Beach Boulevard

OVERVIEW

Kidder Mathew is pleased to present for sale 850 Long Beach Boulevard in the City of Long Beach. This offering is a single-tenant, absolute NNN investment located at 850 Long Beach Blvd in Long Beach, California, leased to Ambitions California, Inc., a long-standing, multi-state operator of licensed adult day care and behavioral health programs. Ambitions California, Inc., a member of the Ambitions, Inc. group, is a proven provider of adult day-programs and community-based residential services for adults with developmental disabilities. With operations spanning California, Washington and Idaho, the organization brings scale, regulatory competence, and a diversified footprint. The Long Beach location sits within this robust platform, providing investors with a lease backed by a mission-driven, multi-state operator with decades of experience. Backed by a 30+ year operating tenant with a multi-state footprint across California, Washington, and Idaho, this offering delivers durable, bond-like cash flow today with built-in rent growth, combined with the embedded land value and future redevelopment potential sought by long-term investors in core Southern California markets. The current Lease expires in 2030 and has 3% annual rent escalations and an absolute NNN lease structure. There is future flexibility positioning the asset as a covered land investment in a dense, transit-oriented urban corridor with PD-29 zoning. The 7,900 SF single-story masonry building is situated on a 0.34-acre corner lot with 100 feet of frontage along Long Beach Blvd, benefitting from strong visibility, 18,389+ daily traffic counts, immediate access to Metro A Line stations, and a 96 Walk Score.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$392 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

PD29

APN/PARCEL ID

7273-017-026

ASK ABOUT THIS PROPERTY

Elizabeth ClarkKidder MathewsMore Info
310-740-7283

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

Elizabeth ClarkKidder MathewsMore Info
310-740-7283

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