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3444 E Anaheim St 6,400 SF 100% Leased Office Building Long Beach, CA 90804 $2,800,000 ($437.50/SF) 7.04% Cap Rate
Executive Summary
Discover a rare income opportunity in Long Beach! This multi-tenant office asset offers 6,835 sq ft on a 0.26-acre lot with modern improvements and ample parking. Strategically located along a high-visibility commercial corridor, the property boasts entrenched national-credit tower tenants like T-Mobile and AT&T, ensuring a stable income stream. With a current 20% occupancy, there's immediate upside potential through a proactive leasing strategy to reach the projected NOI of $212,605 at 95% occupancy. The property features a high-quality physical asset in a prime location, offering diversified income from tower leases alongside traditional office tenants. Benefit from attractive pro forma financials with a 6.8% stabilized cap rate. Don't miss the chance to invest in this value-driven property with both immediate operational upside and long-term durability.
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- Offering Memorandum
- Operating and Financials
- Third Party Reports
Property Facts Under Contract
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Office
Building Size
6,400 SF
Building Class
C
Year Built/Renovated
1986/2020
Price
$2,800,000
Price Per SF
$437.50
Cap Rate
7.04%
NOI
$197,200
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,200 SF
Building FAR
0.56
Lot Size
0.26 AC
Zoning
LBCCA - commercial
Parking
24 Spaces (4.03 Spaces per 1,000 SF Leased)
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Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 7259-013-023 | Improvements Assessment | $1,044,524 |
| Land Assessment | $928,467 | Total Assessment | $1,972,991 |
Property Taxes
Parcel Number
7259-013-023
Land Assessment
$928,467
Improvements Assessment
$1,044,524
Total Assessment
$1,972,991
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3444 E Anaheim St
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