Bixby Knolls Shops & Executive Offices
3970 Atlantic Avenue, Long Beach, CA 90807
Property Description
Price: $1,913,000
Price Per/SF: $215.28
Land Area: ±6,572 Square Feet
Cap Rate: 6.38% Current | 10.12% Pro Forma
Gross Leasable Area: ±8,886 Square Feet
Year Built: 1949
Investment Highlights
Rare Bite-Sized Opportunity in a High-Barrier-to-Entry Submarket
Attractive Value-Add Opportunity with a 10.12% Pro Forma Cap Rate | Several Month-to-Month Leases Allow for Immediate Access to Upside
Highly Prominent Billboard Signage Provides Excellent Visibility and an Additional Passive Income Stream
Rare Los Angeles County Asset with Value-Add Potential
- Below Market Rents and Month-to-Month Leases Provide an Immediate Opportunity for Upside
- Prime Bixby Knolls Location with Exceptional Visibility Along Atlantic Avenue
- Executive Office Suites Create Multiple Options and Flexibility for Leasing
Prime Bixby Knolls Location
- Positioned in Bixby Knolls, One of Long Beach’s Most Desirable Neighborhoods with Limited Supply
- Excellent Exposure Along Atlantic Avenue, a Key North-South Thoroughfare Through Long Beach with Traffic Counts Exceeding 44,000 Cars Per Day at the Nearby Intersection
Strong Real Estate Fundamentals
- Located Just One Mile from Interstate 405 Freeway and Two Miles from Interstate 710 Freeway, Providing Connectivity to Major Los Angeles County Markets
- Dense, Infill Long Beach Trade Area with Over 657,000 Residents Within Five Miles
- Average Household Incomes Exceed $102,000 Within the Immediate Trade Area
Contact Information
Ron Duong