Thank you
John 'judd' Dunning
John Barker Dunning
310-261-8428
THE PROPERTY: DWG Capital Group is pleased to present For Sale or For Lease, a 4,144 sf Industrial building close to the Port of Long Beach and the Long Beach Airport. The building sits on a 4,201 sf (0.10 acre) lot, perfect for supporting shipping/receiving, indoor storage, manufacturing, or distribution. The impressive property features a recently updated bowtruss ceiling, a fresh coat of interior and exterior paint, as well as two roll-up door drive ins (12'w x 10'h). The site is an excellent opportunity for an owner/user to establish a new creative office. THE MARKET: Long Beach is a coastal city that offers more than just a port complex. The port complex is a major industry driver and the Southern California port complex handles nearly one-third of all U.S. cargo volume. The proximity to the Southern California port complex drives a significant portion of tenant demand. That demand, coupled with a strong manufacturing base in Southern California, supports strong market fundamentals. Vacancy rates are historically low at 4.2% and market grent growth is up to approximately $20-25/SF pulling cap rates down to an average of 4% and approximately $400/SF. Sales activity in recent quarters has been strong and demonstrates ample investor demand for industrial properties in the area. THE LOCATION: Long Beach is a coastal city that offers more than just a port complex. It is the second-largest city in Los Angeles County by population and has a vibrant downtown area that is connected to the region's Metro light rail system. The downtown area has a large convention center, significant multifamily and hotel development, and retail attractions that draw from across the metro. Nevertheless, the port complex is a major industry driver and the Southern California port complex handles nearly one-third of all U.S. cargo volume.
Total Bedrooms : 1
Total Baths: 2
Full Baths: 2
Half Baths: 0
Interior Features: Loft,Workshop
Fireplace: None
Furnished Description: Unfurnished
None
Air Conditioning
None
Has Heating
Fireplace Features: None
Has Fireplace: 0
Year Built: 1927
Building Area Total: 4,144
Construction: Brick,Concrete
Slab
None
None
None
None
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.0965
Lot Size Source: Survey
Lot Size Square Feet: 4202
Original List Price: 1,512,560
Listing Contract Date: 2023-11-01
Listing Agreement: Seller Reserved
Parcel Number: 7210022002
Garage Description: Public,Uncovered
Pets Allowed: Call
Lease Term: Negotiable
Tenant Pays: Cable TV,Electricity,Exterior Maintenance,Gas
Security Deposit: 15000
Source Listing Status: Active
Source Neighborhood: 9 - Poly High
Availability Date: 2023-11-13
Postal Code Plus 4: 5048
Directions: North of PCH (Hwy 1) and east of Hwy 710.
Zoning: LBR1N
Source Property Type: Residential Lease
Area: 9 - Poly High
Property Age: 97
Property Condition: Updated/Remodeled
Year Built Source: Vendor Enhanced
Total Square Feet Living: 4144
Entry Level: 1
Entry Location: Main Level
Levels or Stories: One
Building Total Stories: 1
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1815 Locust Avenue #8, Long Beach, CA,90806 | $1,700 | 1 | 1 | 650 | 6768 Sqft |
2710 Chestnut Avenue #A, Long Beach, CA,90806 | $1,995 | -- | 1 | 400 | 6494 Sqft |
221 E Willard Street #3, Long Beach, CA,90806 | $1,700 | 1 | 1 | 450 | 4743 Sqft |
2309 Cedar, Long Beach, CA,90806 | $1,795 | 1 | 1 | 750 | 6579 Sqft |
411 E Burnett Street, Long Beach, CA,90806 | $2,700 | 3 | 2 | 1,250 | 2974 Sqft |
1935 San Francisco Aven.., Long Beach, CA,90806 | $1,450 | 1 | 1 | 350 | 6821 Sqft |
2165 Earl Avenue #UNIT .., Long Beach, CA,90806 | $2,700 | 2 | 1 | 848 | 6274 Sqft |
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ByOwner last updated this listing 05/05/2024 @ 04:05
MLS: 23330187
LISTED BY: John 'Judd' Dunning, John Barker Dunning
SOURCE: CRMLS
Buyer Agency Compensation: 1%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
Thank you
John 'judd' Dunning
John Barker Dunning
310-261-8428