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Bungalow Building 727-743 Pine Ave 13,600 SF 100% Leased Retail Building Long Beach, CA 90813 $4,917,465 CAD ($361.58 CAD/SF) 7.20% Cap Rate

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Investment Highlights

Immediate Lease Up Opportunity: 2 vacant retail suites are move-in ready, providing immediate leasing potential without tenant relocation or downtime
Turnkey Repositioning Opportunity: Month-to-month tenancy provides flexibility to curate an optimal tenant mix and establish a long-term NNN retail
Located in Downtown Long Beach's $10B+ redevelopment corridor, benefiting from thousands of new residential units & 2028 Olympic-related investment

Below Market Rent: Existing rents are substantially below market levels, allowing new owner to capture significant rental growth through new leasing
Pro forma rental rates are positioned at the lower end of comparable Pine Avenue lease transactions, supporting an achievable leasing strategy
106' of highly visible frontage along Downtown Long Beach's primary retail corridor, offering exceptional exposure and pedestrian traffic

Executive Summary

The Bungalow Building is a rare value-add retail investment located along the premier Pine Avenue corridor in Downtown Long Beach. The property consists of a 13,600 SF multi-tenant retail building situated on a 15,817 SF PD-30 zoned lot, offering investors immediate cash flow upside through lease-up and long-term redevelopment potential. It is currently offered at $257/SF with a projected 7.20% stabilized cap rate.