3029 E SOUTH ST STE B Long Beach CA 90805-3776

Commercial Real Estate Services Company is pleased to present for sale the AAMCO Transmission Building, located at 3027–3029 E. South Street in Long Beach, California. This 15,727-square-foot, multi-tenant office/industrial building is situated in North Long Beach and offers an excellent investment opportunity. The above cap rate is basined on Actual Income. Upon lease up of the vacant space the cap rate will be over 7%.

Currently 83% occupied, the property provides stabilized cash flow with long-term tenants in place. All existing leases have recently been extended for five-year terms, ensuring the operational stability of the property. A key advantage of this asset is the scarcity of comparable automotive/service spaces of this size in the area or surrounding cities, which enhances its market appeal.

The building sits on a 0.31-acre lot and features 47 on-site parking spaces. It is ideally located across from Lakewood Regional Medical Center, and offers easy access to the 91, 710, and 605 freeways. The property is in close proximity to retail centers, restaurants, and other service-oriented businesses.

• Land Area: 29,958 SF