2600 Redondo Ave | 2600 Redondo Ave
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2600 Redondo Ave 2600 Redondo Ave
153,172 SF 100% Leased Office Building Long Beach, CA 90806 For Sale
Investment Highlights
- Purpose-Built Medical Office
- 100%-leased (66% Investment Grade) medical office opportunity
- Located within close proximity to a variety of health care services
- Sticky Tenants
- Located in one of the top medical office markets in Metro Los Angeles
- Easy access to the 405 and Long Beach Airport
Executive Summary
CBRE Capital Markets, as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in 2600 Redondo Avenue, a six-story, three-tenant, 100%-leased, 153,172-square-foot medical office building located on 5.71 acres in suburban Long Beach, CA. Investors stand to benefit from an interconnected “sticky” medical rent roll providing 66% investment-grade credit tenancy with a compelling mark-to-market opportunity upon tenant rollover, with in-place rents 23% below market. The essential-use tenants face high barriers to exit, with significant ongoing investment into their spaces, and hard to get permits in-place.
The Seller is offering the Property with an opportunity to assume an attractive $37 million, 3.87% interest-only loan, maturing in July 2026.
The Seller is offering the Property with an opportunity to assume an attractive $37 million, 3.87% interest-only loan, maturing in July 2026.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
153,172 SF
Building Class
A
Year Built
1989
Percent Leased
100%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
25,529 SF
Slab To Slab
11’
Building FAR
0.62
Lot Size
5.71 AC
Zoning
I, Long Beach - Planned Development - 15
Parking
537 Spaces (3.51 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 7218-001-030 | Improvements Assessment | $32,246,961 |
| Land Assessment | $7,749,773 | Total Assessment | $39,996,734 |
PROPERTY TAXES
Parcel Number
7218-001-030
Land Assessment
$7,749,773
Improvements Assessment
$32,246,961
Total Assessment
$39,996,734
Contacts
-
Michael Longo -
Todd Tydlaska -
Sean Sullivan -
Melissa Moock -
Mark Shaffer -
Grant Goldman -
Gerard Poutier -
CBRE
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2600 Redondo Ave | 2600 Redondo Ave
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