Investment Overview

This sale offers the opportunity to purchase a port-adjacent trucking yard. The site is located on the overweight corridor and is less than 1 mile from Pier B. Attractive SBA financing is available to qualified business owners. The subject property, located at 1450-1472 Cota Avenue, consists of two parcels for a total of 19,630 square feet of land. Situated on the corner of Cota Avenue and Cowles Street, the site has multiple points of ingress/egress allowing for efficient circulation of vehicles and/or chassis. The property is flat and rectangular and has dimensions of 130’ X 150’. The site has been improved with multiple structures and currently has 11,329 square feet of existing buildings. Utilities to the site include water, sewer and electricity. The property is paved in concrete, has existing lighting and has power distributed throughout the site. Demolish the unwanted structures resulting in a wide-open yard with a small office building. Zoning on the site is LBIG, which is a heavy industrial zoning designation. Trucking and container storage uses are permitted with a conditional use permit from the City of Long Beach. See zoning code 21.45.168, or contact the listing agent for more information. The subject property is suitable for owner/users as well as investors. Trucking space is currently in very high demand, especially when close to the port, with demand pushing into San Bernardino County and beyond. Rental rates for port-adjacent yards are currently $1.20-$1.30/SF NNN and vacancy rates are approximately 0%. Investors will need to put some work and money into this site before it will produce at full capacity, but can be confident about receiving an above-average return with exceptional long-term value. 1450-1472 Cota Ave offers the opportunity to purchase a port-adjacent truck/container yard on the overweight corridor. The site’s attributes and location offer high functionality for port-related trucking uses. Situated next to one of the largest drivers of global commerce, the property offers attractive fundamental value and is suitable for owner/users and investors alike.