5225-5227 E 2nd St
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5225-5227 E 2nd St
2 Retail Properties Offered at $6,000,000 in Long Beach, CA
Investment Highlights
- Early, Long-Term Lease Extensions
- Irreplaceable Real Estate
- Affluent Coastal Demographics
Executive Summary
* 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 Occupancy – Catalyst 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 Extensions – Catalyst just renewed its NNN leases early with new 10-year terms as well as corporate and personal guarantees, proving its 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 24,000 people in a 1-mile radius, with an Average Household Income exceeding $158,000
* 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 Occupancy – Catalyst 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 Extensions – Catalyst just renewed its NNN leases early with new 10-year terms as well as corporate and personal guarantees, proving its 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 24,000 people in a 1-mile radius, with an Average Household Income exceeding $158,000
Property Facts
| Price | $6,000,000 | Number of Properties | 2 |
| Price / SF | $1,389 / SF | Individually For Sale | 0 |
| Cap Rate | 6.48% | Total Building Size | 4,320 SF |
| Sale Type | Investment | Total Land Area | 0.10 AC |
| Status | Active |
| Price | $6,000,000 |
| Price / SF | $1,389 / SF |
| Cap Rate | 6.48% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 4,320 SF |
| Total Land Area | 0.10 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 5227 E 2nd St, Long Beach, CA 90803 | Retail | 2,160 SF | 1948 | - |
| 5225 E 2nd St, Long Beach, CA 90803 | Retail | 2,160 SF | 1948 | - |
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5225-5227 E 2nd St
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