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2181 N. Lakewood Blvd 2189-2191 N Lakewood Blvd 17,695 SF 100% Leased Retail Building Long Beach, CA 90815 $7,603,750 CAD ($429.71 CAD/SF) 6.84% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Leased Investment Opportunity
- Major Street Frontage
- Excellent In-Place Income from Two Quality Tenants
EXECUTIVE SUMMARY
Voit Real Estate Services is pleased to offer this fine retail investment property for sale. Situated in the heart of Long Beach, this building is located at the signalized intersection of N. Lakewood Blvd and E. Stearns St with 171’ of frontage on Lakewood. The building is 17,695 square feet on 37,897 square feet of land, with 39 free surface parking space. The property has fantastic in-place income from its two long-term tenants, the Fortune 500 company, Dollar Tree and The Station. In total, these retail spaces generate annual net rent of $371,362. This is an incredible investment opportunity for a commercial investor looking to stable cash flow.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Storefront
Building Size
17,695 SF
Building Class
B
Year Built/Renovated
1944/2016
Price
$7,603,750 CAD
Price Per SF
$429.71 CAD
Cap Rate
6.84%
NOI
$520,242 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.47
Lot Size
0.87 AC
Zoning
CCP - Community Pedestrian Oriented ("CCP") zoning allows for a wide range of uses, including retail, office, and live-work units.
Parking
39 Spaces (2.2 Spaces per 1,000 SF Leased)
Frontage
171’ on N Lakewood Blvd
AMENITIES
- Corner Lot
- Signalized Intersection
Walk Score®
Very Walkable (85)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 7219-006-038 | Improvements Assessment | $1,182,273 CAD |
| Land Assessment | $2,871,247 CAD | Total Assessment | $4,053,520 CAD |
PROPERTY TAXES
Parcel Number
7219-006-038
Land Assessment
$2,871,247 CAD
Improvements Assessment
$1,182,273 CAD
Total Assessment
$4,053,520 CAD
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2181 N. Lakewood Blvd | 2189-2191 N Lakewood Blvd
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