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600 Pine Ave
Long Beach, CA 90844
604 & 650 Pine Ave, Long Beach · Office Property For Sale
·
209,441 SF Total
EXECUTIVE SUMMARY
Molina Pine (604 & 650 Pine Ave) is a two-building, 208,500-square-foot office campus located in Downtown Long Beach, CA. The Property is 100% NNN leased to Molina Healthcare through December 2029. Annual rent increases of 3.4% provide an excellent hedge against inflation. Molina developed the Buildings between 2013 and 2014, making them the newest office buildings in the market. The Property is being offered for sale free and clear of any existing financing.
PROPERTY FACTS
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Sale Type | Investment NNN | Total Building Size | 209,441 SF |
| Status | Active | Total Land Area | 1.31 AC |
| Number of Properties | 2 |
| Sale Condition | Bulk/Portfolio Sale |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 209,441 SF |
| Total Land Area | 1.31 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Meeker-Baker Bldg
650 Pine Ave, Long Beach, CA 90802 |
Office | 120,000 SF | 2014 | - |
|
Press Telegram Building
600 Pine Ave, Long Beach, CA 90844 |
Office | 89,441 SF | 2013 | - |
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