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3140 Long Beach Blvd 7,265 SF Office Building Long Beach, CA 90807 $3,380,000 ($465.24/SF) 6.76% Cap Rate
Investment Highlights
- Strong Tenant & Operating History- Long-term lease with Sparks Dialysis, LLC, a joint venture entity with DaVita and a medical group.
- Largest US Dialysis Operator- With more than 2,650+ US locations and over 200,000 patients, Davita is the largest US operator for dialysis services.
- Attractive Capitalization Rate- 6.76% with steady annual increases.
- Below Market Lease Rate- The subject property currently has a below market lease rate when compared to the immediate surrounding marketplace.
- Low Cost per Foot, $465/SF- The subject property offers a lower cost per foot when compared to the surrounding marketplace.
- Contemporary Modern Medical Building location within ¼ mile of Memorial Care Long Beach Medical Center- a 453-bed acute care medical center.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
7,265 SF
Building Class
B
Year Built
2011
Price
$3,380,000
Price Per SF
$465.24
Cap Rate
6.76%
NOI
$228,488
Tenancy
Single
Building Height
1 Story
Typical Floor Size
7,265 SF
Slab To Slab
12’
Building FAR
0.31
Lot Size
0.54 AC
Zoning
LBPD29
Parking
34 Spaces (4.68 Spaces per 1,000 SF Leased)
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Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 7207-002-073 | Improvements Assessment | $2,515,876 |
| Land Assessment | $2,255,513 | Total Assessment | $4,771,389 |
Property Taxes
Parcel Number
7207-002-073
Land Assessment
$2,255,513
Improvements Assessment
$2,515,876
Total Assessment
$4,771,389
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