Third & Pine 108 W 3rd St 19,745 SF 100% Leased Retail Building Long Beach, CA 90802 $11,999,999 ($607.75/SF) 4.50% Cap Rate

Approximately 9,999 + square feet of retail space and 9,000 + square feet of basement space. Located in the heart of Pine Avenue, which is home to downtown’s high-end restaurants and retailers servicing the residential, business, and tourists in downtown Long Beach. Pine Ave is the entertainment district of Downtown Long Beach. Convenient access to the Long Beach (710) Freeway and one block from the blue line light rail (roughly 67,000 riders daily). Over 4.1 million square feet of class “A” office space within 10 blocks of the site. Directly adjacent to City Place, a 450,000 square foot urban retail development in the heart of downtown Long Beach, CA, which covers eight city blocks. City place also consists of 341 residential units (120 residential condominiums and 221 apartment rental units). The property consists of a 5 unit in line retail building located at the southwest corner of 3rd Street and Pine. The classic 1930’s brick architecture brings a classic feel to the downtown trade area. Long Beach is California’s fifth largest city and its central location puts the city’s estimated seven million annual tourists a short drive from most southern California tourist destinations, facilitated by easy access to the 710 and 405 freeways. The Long Beach Convention Center hosts 350 annual events, which attract 1.5 million visitors, the Aquarium of the Pacific attracts 3.5 million annual visitors, the Queen Mary Ocean Liner attracts 1.5 million annual visitors and the Long Beach Toyota Grand Prix attracts 250,000 visitors during the three days of the
event. All three attractions are within walking distance from the subject site.