Shopping Strip

Uptown Commons

Listing Price: $5,255,000

Cap Rate
5.25%
Gross SF
29,323
Rentable SF
4,004
Price/Gross SF
$179.21
Lot Size
0.67 acres
Year Built
2020

Investment Overview

Located on the hard, signalized corner of Atlantic Avenue and Artesia Boulevard, the site features easy access and excellent visibility to over 50,000 cars per day. The property is well situated north of the Ports of Long Beach and Los Angeles and east of Manhattan Beach; directly south of Downtown Los Angeles, fifteen miles south of Los Angeles Stadium and Entertainment District – future home of the Los Angeles Rams, less than one-quarter mile south of CA-91 (310,000 CPD), and less than one-half mile to I-710 (230,000 CPD) – one of the largest freeway interchanges in the United States. The property is centrally located within a dense infill Los Angeles neighborhood that features over 290,000 residents within a 3 mile radius. The site rests on a strong retail corridor with numerous national retailers including Chase Bank, Wendy’s, McDonald’s, Carl’s Jr, 7-Eleven, and many more. Numerous schools are located nearby with strong student populations including California State University, Long Beach (±38,000 students), University of Southern California (±45,000 students), California State University, Fullerton (±40,000 students), Jordan High School (±2,650 students), Grant Elementary School (±1,100 students), and many more. Uptown Commons is blocks away from major local employers including Long Beach Unified School District (12,800 employees), Long Beach Memorial Medical Center (5,100 employees), Molina Healthcare (2,450 employees), Boeing Company (1,700 employees), Verizon Communications (1,500 employees) and many more.

Investment Highlights

  • Brand New NNN Leases in Los Angeles County Featuring 3% Annual Rental Increases. Lease Structures Provide a Strong Hedge Against Inflation Along with Zero Landlord Obligations
  • Features Easy Access and Excellent Visibility on the Hard, Signalized Corner of Atlantic Avenue and Artesia Boulevard with Approximately 50,000 VPD
  • Uptown Commons is a Dynamic Retail Destination that Includes Regional Restaurant Concepts, as well as Nationally Recognized Tenants

Exclusively Listed By

Financing By

Listing Price: $5,255,000

Cap Rate
5.25%
Gross SF
29,323
Rentable SF
4,004
Price/Gross SF
$179.21
Lot Size
0.67 acres
Year Built
2020

Investment Highlights

  • Brand New NNN Leases in Los Angeles County Featuring 3% Annual Rental Increases. Lease Structures Provide a Strong Hedge Against Inflation Along with Zero Landlord Obligations
  • Features Easy Access and Excellent Visibility on the Hard, Signalized Corner of Atlantic Avenue and Artesia Boulevard with Approximately 50,000 VPD
  • Uptown Commons is a Dynamic Retail Destination that Includes Regional Restaurant Concepts, as well as Nationally Recognized Tenants

Investment Overview

Located on the hard, signalized corner of Atlantic Avenue and Artesia Boulevard, the site features easy access and excellent visibility to over 50,000 cars per day. The property is well situated north of the Ports of Long Beach and Los Angeles and east of Manhattan Beach; directly south of Downtown Los Angeles, fifteen miles south of Los Angeles Stadium and Entertainment District – future home of the Los Angeles Rams, less than one-quarter mile south of CA-91 (310,000 CPD), and less than one-half mile to I-710 (230,000 CPD) – one of the largest freeway interchanges in the United States. The property is centrally located within a dense infill Los Angeles neighborhood that features over 290,000 residents within a 3 mile radius. The site rests on a strong retail corridor with numerous national retailers including Chase Bank, Wendy’s, McDonald’s, Carl’s Jr, 7-Eleven, and many more. Numerous schools are located nearby with strong student populations including California State University, Long Beach (±38,000 students), University of Southern California (±45,000 students), California State University, Fullerton (±40,000 students), Jordan High School (±2,650 students), Grant Elementary School (±1,100 students), and many more. Uptown Commons is blocks away from major local employers including Long Beach Unified School District (12,800 employees), Long Beach Memorial Medical Center (5,100 employees), Molina Healthcare (2,450 employees), Boeing Company (1,700 employees), Verizon Communications (1,500 employees) and many more.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower