OWNER-USER OFFICE BUILDING AT $82 SF IN LONG BEACH?

INVESTMENT HIGHLIGHTS – OWNER-USER

• Two-story office building delivered vacant at close of escrow, owner-user opportunity
• Directly adjacent to Long Beach City College and Veteran’s Stadium
• Surrounding area is one of the major commercial office/industrial districts of the city, consisting of office and warehouse complexes
• Located at the northeast corner of Clark Avenue and E Lew Davis Street
• Nearby to Long Beach Airport which currently has plans to renovate and expand their main terminal

EXECUTIVE SUMMARY – OWNER USER

– Two-story office building delivered vacant at close of escrow, owner-user opportunity
– Located at the northeast corner of Clark Avenue and E Lew Davis Street
– No parking on site
– Directly adjacent to Long Beach City College and Veteran’s Stadium
– Nearby to Long Beach Airport which currently has plans to renovate and expand their main terminal
– Surrounding area is one of the major commercial office/industrial districts of the city, consisting of office and warehouse complexes that home to major companies such as Boeing, Mercedes Benz and Gulfstream Aerospace.
– Zoned I (Institutional Zone)
– Sale is subject to parcel being demised from the adjacent Frontier Communications data center building next door
– Land SF of 18,750 is an estimate and subject to change pending survey
– Building SF of 35,260 is an estimate and subject change pending building measurements and floor plans
– At close of escrow, two easements will be created at the property: one along the northern property line for telecommunication lines, and a second for the reciprocal generators located in the southeast corner of the subject property that provide backup power for the adjacent building at 4077 E Lew Davis Street.

PROPERTY FACTS