2635 E South Blvd - Self-Storage Facilities FOR SALE


Long Beach, CA 90805- Bixby Knolls
$7,300,000 USD
801-305-3017
2635 E South Blvd, Long Beach, CA for Sale
$7,300,000 USD
Self-Storage Facilities - FOR SALE
1/8
null | 6.91% Cap Rate

2635 E South Blvd
Long Beach, CA 90805
Bixby Knolls


HIGHLIGHTS

  • Over 4.5 Years Remaining | Scheduled Rental Increases | Options to Extend
  • NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Lakewood Center Mall (2,070,000 SF) | Dense Retail Corridor | Signalized, Hard Corner Intersection | State Hwy 91 (277,000 VPD)
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, United Rentals investment property located in Long Beach, California. The tenant, United Rentals, has over 4.5 years remaining on their lease term with 3 (5-year) options to extend. The lease features 2.5% annual rental increases during the initial term and option periods, growing NOI and hedging against inflation. The lease is NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$7,300,000 USD

PRICE/SF

$2,433 USD /SF

CAP RATE

6.91%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

United Rental in SoCal | NNN w/ Annual Incrs

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.73 AC

LAND SF

75,359 SF

ZONING

IG: Industrial

APN/PARCEL ID

7119-019-008,7119-019-009

ASK ABOUT THIS PROPERTY

Max FinnSRS Real Estate PartnersMore Info
801-305-3017

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Max FinnSRS Real Estate PartnersMore Info
801-305-3017

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