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Office

Wall Street Building

4004 Long Beach Blvd, Long Beach, CA 90807

Listing Price: $3,750,000

Cap Rate
5.51%
Gross SF
23,213
Rentable SF
23,213
Price/Gross SF
$161.55

Investment Overview

The Wall Street Building is a beautifully maintained 2-story elevator served office building centrally located in the Bixby Knolls office market of Long Beach, CA. The Bixby Knolls area is an upscale community situated just minutes north of downtown Long Beach and is just off the 405 freeway. The Bixby Knolls office market is an excellent location for companies serving the West Los Angeles and Newport areas due to its midpoint location and access to multiple freeways. Historically Bixby Knolls area has been known as "Uptown", and includes the Los Cerritos Virginia Country Club and California Heights residential neighborhoods.
One of the key income components of this offering is the second-floor executive suites. The WSB building has a long track record of high occupancy, even though the pandemic. The executive suite enjoys a full host of amenities; including a full-time receptionist, photocopier and facsimile services, and a beautifully furnished reception area. Essentially this is the low-cost alternative to the home office and all the 42 offices are private. As of May 1st, of 2021 all offices were occupied. Furthermore, this operation has enjoyed 23 years of continued success with the same management company. It has been well managed. Tenants can receive guests, conduct meetings in one of the fully equipped conference rooms, receive mail, special deliveries during normal business hours, has professional phone answering, and other professional business services. The Wall Street Building offers its tenants comfort and services that a growing business demands in an upscale market with exceptional freeway access.

Investment Highlights

  • Established Income, seasoned over the last 23 years by the same management company.
  • Recent CAP X includes new roof and upgraded HVAC.
  • Master Leased at a 5.5% CAP rate. Minimal landlord involvement.

Exclusively Listed By

Listing Price: $3,750,000

Cap Rate
5.51%
Gross SF
23,213
Rentable SF
23,213
Price/Gross SF
$161.55

Investment Highlights

  • Established Income, seasoned over the last 23 years by the same management company.
  • Recent CAP X includes new roof and upgraded HVAC.
  • Master Leased at a 5.5% CAP rate. Minimal landlord involvement.

Investment Overview

The Wall Street Building is a beautifully maintained 2-story elevator served office building centrally located in the Bixby Knolls office market of Long Beach, CA. The Bixby Knolls area is an upscale community situated just minutes north of downtown Long Beach and is just off the 405 freeway. The Bixby Knolls office market is an excellent location for companies serving the West Los Angeles and Newport areas due to its midpoint location and access to multiple freeways. Historically Bixby Knolls area has been known as "Uptown", and includes the Los Cerritos Virginia Country Club and California Heights residential neighborhoods.
One of the key income components of this offering is the second-floor executive suites. The WSB building has a long track record of high occupancy, even though the pandemic. The executive suite enjoys a full host of amenities; including a full-time receptionist, photocopier and facsimile services, and a beautifully furnished reception area. Essentially this is the low-cost alternative to the home office and all the 42 offices are private. As of May 1st, of 2021 all offices were occupied. Furthermore, this operation has enjoyed 23 years of continued success with the same management company. It has been well managed. Tenants can receive guests, conduct meetings in one of the fully equipped conference rooms, receive mail, special deliveries during normal business hours, has professional phone answering, and other professional business services. The Wall Street Building offers its tenants comfort and services that a growing business demands in an upscale market with exceptional freeway access.

Exclusively Listed By

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