6082-6090 Atlantic Ave - Storefront FOR SALE


Long Beach, CA 90805
$1,200,000 USD
310-909-5444
6082-6090 Atlantic Ave, Long Beach, CA for Sale
$1,200,000 USD
Storefront - FOR SALE
1/7
null | 4.31% Cap Rate

6082-6090 Atlantic Ave
Long Beach, CA 90805


HIGHLIGHTS

  • The Neema Group of Marcus & Millichap is pleased to present an investment opportunity at 6082 Atlantic Ave in North Long Beach
  • The property features four retail spaces and is currently fully occupied by a nail salon, hair salon, bakery, and an office tenant
  • Two tenants have 4 years remaining on their lease term with no options; two tenants have one five-year option at the end of their lease term
  • The property is being offered at a low $200 PSF at the asking price
  • Well-kept building totaling 6,000 SF on a 9,341 SF lot; eight parking spaces at the rear of the property
  • Highly visible location for retail with over 23,000 cars per day on Atlantic Ave; just south of Jordan High School

OVERVIEW

The Neema Group of Marcus & Millichap is pleased to present an investment opportunity at 6082 Atlantic Ave in North Long Beach, a multi-tenant retail property on a corner lot between E Harding St & South St. The property features four retail spaces and is currently fully occupied by a nail salon, hair salon, bakery, and an office tenant; two tenants have 4 years remaining on their lease term with no options; two tenants have one five-year option at the end of their lease term. The majority of the rents are below market, an ideal opportunity to reposition the building at the end of the lease terms to achieve market rents, or occupy a portion of the building as an owner user. The property is being offered at a low $200 PSF at the asking price. Well-kept building totaling 6,000 SF on a 9,341 SF lot; eight parking spaces at the rear of the property. Highly visible location for retail with over 23,000 cars per day on Atlantic Ave; just south of Jordan High School and easy access to both the 710 & 91 Freeways.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$200 USD /SF

CAP RATE

4.31%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1935

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,339 SF

ZONING

CNA

APN/PARCEL ID

7124-016-041

ASK ABOUT THIS PROPERTY

Neema AhadianMarcus & MillichapMore Info
310-909-5444

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Neema AhadianMarcus & MillichapMore Info
310-909-5444

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