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Office

3633 Long Beach Blvd

3633 Long Beach Blvd, Long Beach, CA 90807

Listing Price: $3,750,000

Cap Rate
5.25%
Gross SF
15,525
Rentable SF
14,759
Price/Gross SF
$241.55
Lot Size
0.37 acres
Year Built
1957

Investment Overview

Marcus & Millichap is pleased to present 3633 Long Beach Blvd. The building, 3633 Long Beach Blvd. is located in the prestigious Bixby Knolls office market of north Long Beach. Bixby Knolls is an upscale community situated minutes north of downtown Long Beach and just off the 405 freeway. The office market of Bixby Knolls is an excellent location for companies serving the West Los Angeles and Irvine/Newport areas due to freeway access both North and South plus the Metro Blue Line Transient system which feeds into downtown Los Angeles. Bixby Knolls is known as Long Beach’s best-kept secret with Los Cerritos/ Virginia Country Club and California Heights stately residential neighborhood. 3633 Long Beach Blvd is a beautiful example of post modern architecture prevalent in the late 50’s, with clean lines and natural light in every suite. The building features solid concrete tilt-up construction comprised of 15,528 square feet. Parking is provided via a shared lot (shared on a 50/50 basis) with the Boys & Girls Club adjoining with approximately 38 parking spaces. There is also ample street parking due to the buildings corner location. The HVAC is served by 5 package units and the roof has been well maintained. The potential buyer for 3633 is a user buyer or potentially an investor with a tenant (s) looking for approximately 7,000 square feet of ground floor space. Priced at $3,750,000 or just $252 per foot, a user buyer will benefit greatly from a steady income stream that will pay for a good portion of the building expenses and debt service. This along with the appreciation that comes from owning a classic,clean building in an affluent, centrally located area makes 3633 Long Beach Blvd must see. ANCHOR TENANT: Forty-two percent of the building, the entire 2nd floor is occupied by the prestigious architectural firm c|a-Architects. A firm of over forty years specializing in architectural design solutions for California’s leading healthcare providers. c|a-Architects has a solid lease extending through 2024 with a three year option at market. c|a-Architects is a well-established firm specializing in medical properties throughout Southern California with a recently completed 80,000 square foot facility at Long Beach Memorial Hospital. The demand for medical facilities at this time is extremely strong with 10,000 baby boomers retiring every single day. c\a Architects is at the forefront of this building boom making them a solid tenant for years to come.

Investment Highlights

  • Perfect owner user play. Prime ground floor space available to occupy. Effective rent when debt service and building expenses are factored well below current rents.
  • High Visibity Corner Location.
  • Well maintained Tilt-Up Concrete Construction.
  • Priced at just $252 PF. Well below the recent sale comps.
  • Prime Bixby Knolls office market with excellent freeway access

Exclusively Listed By

Office

3633 Long Beach Blvd

Listing Price: $3,750,000

Cap Rate
5.25%
Gross SF
15,525
Rentable SF
14,759
Price/Gross SF
$241.55
Lot Size
0.37 acres
Year Built
1957

Investment Highlights

  • Perfect owner user play. Prime ground floor space available to occupy. Effective rent when debt service and building expenses are factored well below current rents.
  • High Visibity Corner Location.
  • Well maintained Tilt-Up Concrete Construction.
  • Priced at just $252 PF. Well below the recent sale comps.
  • Prime Bixby Knolls office market with excellent freeway access

Investment Overview

Marcus & Millichap is pleased to present 3633 Long Beach Blvd. The building, 3633 Long Beach Blvd. is located in the prestigious Bixby Knolls office market of north Long Beach. Bixby Knolls is an upscale community situated minutes north of downtown Long Beach and just off the 405 freeway. The office market of Bixby Knolls is an excellent location for companies serving the West Los Angeles and Irvine/Newport areas due to freeway access both North and South plus the Metro Blue Line Transient system which feeds into downtown Los Angeles. Bixby Knolls is known as Long Beach’s best-kept secret with Los Cerritos/ Virginia Country Club and California Heights stately residential neighborhood. 3633 Long Beach Blvd is a beautiful example of post modern architecture prevalent in the late 50’s, with clean lines and natural light in every suite. The building features solid concrete tilt-up construction comprised of 15,528 square feet. Parking is provided via a shared lot (shared on a 50/50 basis) with the Boys & Girls Club adjoining with approximately 38 parking spaces. There is also ample street parking due to the buildings corner location. The HVAC is served by 5 package units and the roof has been well maintained. The potential buyer for 3633 is a user buyer or potentially an investor with a tenant (s) looking for approximately 7,000 square feet of ground floor space. Priced at $3,750,000 or just $252 per foot, a user buyer will benefit greatly from a steady income stream that will pay for a good portion of the building expenses and debt service. This along with the appreciation that comes from owning a classic,clean building in an affluent, centrally located area makes 3633 Long Beach Blvd must see. ANCHOR TENANT: Forty-two percent of the building, the entire 2nd floor is occupied by the prestigious architectural firm c|a-Architects. A firm of over forty years specializing in architectural design solutions for California’s leading healthcare providers. c|a-Architects has a solid lease extending through 2024 with a three year option at market. c|a-Architects is a well-established firm specializing in medical properties throughout Southern California with a recently completed 80,000 square foot facility at Long Beach Memorial Hospital. The demand for medical facilities at this time is extremely strong with 10,000 baby boomers retiring every single day. c\a Architects is at the forefront of this building boom making them a solid tenant for years to come.

Exclusively Listed By

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