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2635 E South Blvd - United Rental in SoCal | NNN w/ Annual Incrs 3,000 SF Specialty Building Offered at $10,190,216 CAD at a 6.91% Cap Rate in Long Beach, CA 90805
INVESTMENT HIGHLIGHTS
- Over 4.5 Years Remaining | Scheduled Rental Increases | Options to Extend
- Lakewood Center Mall (2,070,000 SF) | Dense Retail Corridor | Signalized, Hard Corner Intersection | State Hwy 91 (277,000 VPD)
- NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
| Price | $10,190,216 CAD | Building Class | C |
| Price Per SF | $3,396.74 CAD | Lot Size | 1.73 AC |
| Sale Type | Investment | Building Size | 3,000 SF |
| Cap Rate | 6.91% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1976 |
| Property Subtype | Self-Storage | Parking Ratio | 39.33/1,000 SF |
| Zoning | IG: Industrial - Industrial | ||
| Price | $10,190,216 CAD |
| Price Per SF | $3,396.74 CAD |
| Sale Type | Investment |
| Cap Rate | 6.91% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 1.73 AC |
| Building Size | 3,000 SF |
| No. Stories | 1 |
| Year Built | 1976 |
| Parking Ratio | 39.33/1,000 SF |
| Zoning | IG: Industrial - Industrial |
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Walk Score®
Very Walkable (70)
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $953,319 CAD | |
| Land Assessment | $5,088,149 CAD | Total Assessment | $6,041,469 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$5,088,149 CAD
Improvements Assessment
$953,319 CAD
Total Assessment
$6,041,469 CAD
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2635 E South Blvd - United Rental in SoCal | NNN w/ Annual Incrs
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