For Sale
$7,300,000

2635 South StLong Beach, CA 90805

Long Beach industrial investment, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
113
This fee-simple industrial property in Long Beach, CA, offers a compelling investment opportunity. The 3,000 square-foot flex space is 100% occupied by United Rentals under a triple-net (NNN) lease with a corporate guarantee, providing a passive income stream for the owner. The lease has approximately 3.5 years remaining, with three 5-year renewal options, ensuring long-term stability. Annual rent increases of 2.5% are built into the lease, providing inflation protection and growing net operating income (NOI). The property boasts a 6.91% cap rate and a current NOI of $504,300, with an asking price of $7,300,000. Situated on a 1.73-acre lot at a signalized intersection with high traffic counts (56,400 vehicles daily), the property benefits from excellent visibility and convenient access to State Highway 91 (277,000 vehicles per day). The location is further enhanced by proximity to Lakewood Center Mall and numerous other national retailers. The property includes 118 parking spaces and was built in 1976. The permitted zoning is IG (Industrial), and the property's APN is 7119-019-008 & 7119-019-009. The strong demographics of the area, with an average household income exceeding $105,000 within a 5-mile radius, further support the investment potential.

Highlights

  • 4.5+ years remaining lease term with built-in rental increases and extension options.
  • Triple-net (NNN) lease, fee-simple ownership, minimal landlord responsibilities.
  • Excellent location near Lakewood Center Mall, high-traffic signalized intersection on State Highway 91 (277,000 VPD).
  • Strong demographics with average household incomes exceeding $105,000 within a 5-mile radius.

Property Details for 2635 South St

Property type
Industrial properties, Flex space
Square Feet
3,000 SF
Year Built
1976
Lot Size (sq. ft)
75,359 SF

Location Insight

City
Long Beach
County
Los Angeles
State
California
Latitude
33.8605527
Longitude
-118.1603585
2635 South St, Long Beach, California

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2635 South St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message