310-363-4906
2600 Redondo Ave, Long Beach, CA for Sale
Medical - FOR SALE
1/5
null | Request Cap Rate

2600 Redondo Ave
Long Beach, CA 90806


HIGHLIGHTS

  • Purpose-Built Medical Office
  • Sticky Tenants
  • 100%-leased (66% Investment Grade) medical office opportunity
  • Located in one of the top medical office markets in Metro Los Angeles
  • Located within close proximity to a variety of health care services
  • Easy access to the 405 and Long Beach Airport

OVERVIEW

CBRE Capital Markets, as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in 2600 Redondo Avenue, a six-story, three-tenant, 100%-leased, 153,172-square-foot medical office building located on 5.71 acres in suburban Long Beach, CA. Investors stand to benefit from an interconnected “sticky” medical rent roll providing 66% investment-grade credit tenancy with a compelling mark-to-market opportunity upon tenant rollover, with in-place rents 23% below market. The essential-use tenants face high barriers to exit, with significant ongoing investment into their spaces, and hard to get permits in-place. The Seller is offering the Property with an opportunity to assume an attractive $37 million, 3.87% interest-only loan, maturing in July 2026.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2600 Redondo Ave

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

A

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

537

LAND DETAILS

LAND ACRES

5.71 AC

LAND SF

248,728 SF

ZONING

I, Long Beach

APN/PARCEL ID

7218-001-030

ASK ABOUT THIS PROPERTY

310-363-4906

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

310-363-4906

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.