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29313856
29313857

5225-5227 E. 2nd Street, Long Beach, CA 90803

JR
CA 01359444
CBRE - Orange County
TS
CA: 01950466, AZ: SA69887300
CBRE - Orange County
Listed by CBRE - Orange County
$5,442,000
141 days on market
Updated 141 days ago

5225-5227 E. 2nd Street

Details
APN 7249-026-023
Property Type Retail
Sub Type Storefront
Square Footage 4,320
Net Rentable (SqFt) 4,320
Cap Rate 7.5%
NOI $408,119
Price per SqFt $1,260
Lot Size (SqFt) 4,307
Zoning CNP-Neighborhood Pedestrian-Oriented Commercial

Retail | 7.50% CAP | 4,320 SqFt

Marketing description

  • Pride of Ownership Asset – Few retail investment properties come to market in coastal LA County, let alone in the highly-coveted, affluent, coastal community of Belmont Shore

  • Optimal Belmont Shore Location 2nd Street is THE primary retail, shopping, entertainment, and dining destination in the trade area – the property is in the heart of Belmont Shore at the signalized intersection of 2nd Street and Corona Avenue

  • Strong Tenancy, Historical OccupancyCatalyst has successfully occupied the property since 2016 and Clear Channel Outdoor, Inc. is the current tenant of the rooftop billboard which has been in-place and generating income since 1999

  • Early, Long-Term Lease ExtensionsCatalyst Cannabis renewed its NNN leases early extending its term 10 years alongside its corporate and personal guarantees, proving the tenant’s success and long-term commitment to this location

  • Irreplaceable Real Estate – Belmont Shore is a fully built-out and mature coastal submarket with no new development opportunities on 2nd Street – with a rare corner location and an income generating rooftop billboard at low rent, the property is virtually irreplaceable

  • Affluent Coastal Demographics – More than 23,500 people in a 1-mile radius, with an Average Household Income exceeding $160,300

  • Seller Financing Potential – Seller financing may be available depending on deal terms and buyer profile

Listing Contacts

JR
CA 01359444
CBRE - Orange County
TS
CA: 01950466, AZ: SA69887300
CBRE - Orange County
Listed by CBRE - Orange County

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$408,119.00
$34,009.92/mo

Valuation Metrics

0
DSCR
7.5%
Cap Rate
7.5%
ROI

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