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Shopping Neighborhood

Atlantic.6082

6082 Atlantic Avenue, Long Beach, CA 90805

Listing Price: $1,200,000

Cap Rate
4.31%
Gross SF
6,000
Rentable SF
6,000
Price/Gross SF
$200.00
Lot Size
0.21 acres
Year Built
1935

Investment Overview

• The Neema Group of Marcus & Millichap is pleased to present an investment opportunity at 6082 Atlantic Ave in North Long Beach, a multi-tenant retail property on a corner lot between E Harding St & South St
• The property features four retail spaces and is currently fully occupied by a nail salon, hair salon, bakery, and an office tenant; three tenants have 4-5 years remaining on their lease terms with no options; one tenant has a lease expiration in two years with one five-year option
• The majority of the rents are below market, an ideal opportunity to reposition the building at the end of the lease terms to achieve market rents, or occupy a portion of the building as an owner user
• The property is being offered at a low $200 PSF at the asking price
• Well-kept building totaling 6,000 SF on a 9,341 SF lot; eight parking spaces at the rear of the property
• Highly visible location for retail with over 23,000 cars per day on Atlantic Ave; just south of Jordan High School and easy access to both the 710 & 91 Freeways

Investment Highlights

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Exclusively Listed By

Financing By

Shopping Neighborhood

Atlantic.6082

Listing Price: $1,200,000

Cap Rate
4.31%
Gross SF
6,000
Rentable SF
6,000
Price/Gross SF
$200.00
Lot Size
0.21 acres
Year Built
1935

Investment Highlights

  • -
  • -
  • -

Investment Overview

• The Neema Group of Marcus & Millichap is pleased to present an investment opportunity at 6082 Atlantic Ave in North Long Beach, a multi-tenant retail property on a corner lot between E Harding St & South St • The property features four retail spaces and is currently fully occupied by a nail salon, hair salon, bakery, and an office tenant; three tenants have 4-5 years remaining on their lease terms with no options; one tenant has a lease expiration in two years with one five-year option • The majority of the rents are below market, an ideal opportunity to reposition the building at the end of the lease terms to achieve market rents, or occupy a portion of the building as an owner user • The property is being offered at a low $200 PSF at the asking price • Well-kept building totaling 6,000 SF on a 9,341 SF lot; eight parking spaces at the rear of the property • Highly visible location for retail with over 23,000 cars per day on Atlantic Ave; just south of Jordan High School and easy access to both the 710 & 91 Freeways

Exclusively Listed By

Financing By

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