Skip to main content

Office Vacant-User

Medical Building

500 Alamitos Ave, Long Beach, CA 90802

Listing Price: $4,495,000

Cap Rate
6.34%
Gross SF
18,136
Rentable SF
18,136
Price/Gross SF
$247.85
Lot Size
0.33 acres
Year Built
1966

Investment Overview

Marcus & Millichap is pleased to present the sale of 500 and 546 Alamitos, Long Beach, CA. 500 Alamitos Avenue, Long Beach, CA - located at the northwest intersection of E 5th Street and Alamitos. An approximately 18,136 square foot medical building located on approximately 7,889 square feet properties is of land area. The building is 2-stories with approximately 7,610 square feet for each floor as well as a basement level totaling approximately 3,270 square feet. A portion of the ground level is occupied by Dental Check Up Inc. in Suite # A, totaling approximately 6,530 square feet through April 30, 2025. The remaining leasable area of the building was previously occupied by a regional medical urgent care facility containing approximately 11,606 sq. ft. operated by Health Care Partners. 546 Alamitos Avenue, Long Beach CA - located at the southwest intersection of E 6th St and Alamitos Avenue. An approximately 6,343 square foot parking lot with an approximately 1,575 sq. ft. warehouse building. The Downtown Long Beach Business District provides unique destinations, both historic and new, that attract over five and a half million visitors annually. One of the city’s most revered attractions, The Queen Mary, arrived in Long Beach in 1967 and has since impressed millions of visitors with its art deco interiors and glimpses into a bygone era. The Aquarium of the Pacific, on the other hand, provides an intimate look into the future of marine biology and sustainability. Hotels, Arts Districts, restaurants, and other tourist-oriented venues including Shoreline Village, The Pike and Rainbow Harbor Waterfront surround the juggernaut that is the Long Beach Convention and Entertainment Center. This information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate, buyer must verify the information and bears all risk for any inaccuracies.

Investment Highlights

  • GREAT OWNER/USER MEDICAL BUILDING (EXISTING VACANT 11,960 SQ. FT. URGENT CARE FACILITY)
  • CLOSE PROXIMITY TO LONG BEACH'S DOWNTOWN, CONVENTION CENTER AND WATERFRONT
  • GREAT WALKING AND BIKING ACCESS TO THE BEACH AREAS
  • MYRIAD OF SHOPPING, DINING AND ENTERTAINMENT VENUES WITH THE URBAN SETTING
  • NEARBY ACCESS TO INTERSTATE FREEWAYS AND MASS TRANSPORTATION
  • BUILDING AND LAND SELLING PRICE IS BELOW CURRENT REPLACEMENT COSTS

Exclusively Listed By

Financing By

Office Vacant-User

Medical Building

Listing Price: $4,495,000

Cap Rate
6.34%
Gross SF
18,136
Rentable SF
18,136
Price/Gross SF
$247.85
Lot Size
0.33 acres
Year Built
1966

Investment Highlights

  • GREAT OWNER/USER MEDICAL BUILDING (EXISTING VACANT 11,960 SQ. FT. URGENT CARE FACILITY)
  • CLOSE PROXIMITY TO LONG BEACH'S DOWNTOWN, CONVENTION CENTER AND WATERFRONT
  • GREAT WALKING AND BIKING ACCESS TO THE BEACH AREAS
  • MYRIAD OF SHOPPING, DINING AND ENTERTAINMENT VENUES WITH THE URBAN SETTING
  • NEARBY ACCESS TO INTERSTATE FREEWAYS AND MASS TRANSPORTATION
  • BUILDING AND LAND SELLING PRICE IS BELOW CURRENT REPLACEMENT COSTS

Investment Overview

Marcus & Millichap is pleased to present the sale of 500 and 546 Alamitos, Long Beach, CA. 500 Alamitos Avenue, Long Beach, CA - located at the northwest intersection of E 5th Street and Alamitos. An approximately 18,136 square foot medical building located on approximately 7,889 square feet properties is of land area. The building is 2-stories with approximately 7,610 square feet for each floor as well as a basement level totaling approximately 3,270 square feet. A portion of the ground level is occupied by Dental Check Up Inc. in Suite # A, totaling approximately 6,530 square feet through April 30, 2025. The remaining leasable area of the building was previously occupied by a regional medical urgent care facility containing approximately 11,606 sq. ft. operated by Health Care Partners. 546 Alamitos Avenue, Long Beach CA - located at the southwest intersection of E 6th St and Alamitos Avenue. An approximately 6,343 square foot parking lot with an approximately 1,575 sq. ft. warehouse building. The Downtown Long Beach Business District provides unique destinations, both historic and new, that attract over five and a half million visitors annually. One of the city’s most revered attractions, The Queen Mary, arrived in Long Beach in 1967 and has since impressed millions of visitors with its art deco interiors and glimpses into a bygone era. The Aquarium of the Pacific, on the other hand, provides an intimate look into the future of marine biology and sustainability. Hotels, Arts Districts, restaurants, and other tourist-oriented venues including Shoreline Village, The Pike and Rainbow Harbor Waterfront surround the juggernaut that is the Long Beach Convention and Entertainment Center. This information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate, buyer must verify the information and bears all risk for any inaccuracies.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower