Investment Overview

Marcus & Millichap is pleased to present to the market the Social Security Administration Building located in Long Beach, California. The Long Beach Social Security Administration Branch Office was a brand-new build-to-suit for the department in 2003. The property consists of a 15,510-square foot single story building on a 1.17-acre lot with street frontage on Long Beach Boulevard. The premise was leased to the GSA in 2003 for 10 years and in 2013 the lease was renewed by the Federal Government on a 15-year lease with 10 years firm term. There was in excess of $700,000 in tenant improvements that were put in and completed in 2016. The property is situated on Long Beach Boulevard in very close proximity to the downtown area. The population in a three-mile and five-mile radius is 267,624 and 518,345 respectively. This offering provides an opportunity for an investor to acquire a very rare and desirable Southern California asset, which has a prime location in Long Beach immediately adjacent to a brand-new retail center which includes 99 Cent Store, Wing Stop, and many other retailers and has over 370’ frontage on Long Beach Boulevard.