This sale offers the opportunity to purchase a newer construction industrial property with a large yard in the MM approved zone of Long Beach. Seller is willing to accept an offer that is contingent on a buyer being approved for a business license.
The subject property consists of a single parcel that measures 9,971 square feet. The site has been built with a 2,800 square foot warehouse. The warehouse, constructed in 2011, is a high quality, clearspan building with structural steel framing. The building footprint measures 32’ x 87.5’, and clear height ranges from 16.5’ – 24.5'. There are roll-up doors on the front and side of the warehouse providing for good access. There is an ADA compliant restroom in the northwest corner of the building and otherwise is clearspan warehouse space. Plumbing for and additional restroom is in place, and can easily be added if desired. All utilities are to the site including water, sewer, and electricity. Electrical service is well distributed throughout the property and currently has a 400A, 240V, 3Ph connection. The electrical panel that is installed can handle more amperage if necessary and with minor cost, an owner can establish a heavier service. Wires have been run (including an underground loop in the concrete) that will allow for automatic or key-fob entry for the two front gates. The yard is paved in reinforced concrete and fenced with a high quality concrete wall and steel gates. Water service is also well distributed and has been stubbed at multiple locations throughout the property. The large yard allows for the site to be further built if a buyer so desires.
Exterior lights with photocell activators have been installed around the property. Landscaping with automatic irrigation has been set up along the exterior wall at the front of the property. The seller has conceptual plans for a 2,400 square foot addition via a second story. Estimated cost for the expansion is $110,000. The plans are included in this marketing package and high-resolution copies are also available. There are currently 12 parking stalls, including one ADA stall, which will accommodate for a 4.2/1,000 parking requirement based on the current configuration or a 2.3/1,000 parking requirement based on a 5,200 square foot building.
Zoning on the site is LBIG which is a heavy industrial zoning designation that permits for many uses including cannabis/marijuana uses. The property is convenient to the 710, 405 and 103 freeways, Anaheim Street, Pacific Coast Highway and the ports.
The seller has invested in high-quality improvements that make this a functional property and allow for low-cost expansion. 1463 Cota Avenue is an ideal set-up for a manufacturing facility or testing lab and has attributes that will be attractive to owner/users and investors alike.
