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Trophy BofA & U.S. Bank Portfolio 2 Retail Properties Offered at $19,500,000 in Long Beach, CA
Investment Highlights
- ±$575M combined bank deposits
- INVESTMENT-GRADE TENANCY (A-/A+) BANK OF AMERICA & U.S. BANK
- SUPERIOR REAL ESTATE FUNDAMENTALS
- Bank of America's newly extended ±10.75-year absolute NNN ground lease is complemented by U.S. Bank's recently renewed ±4-year NNN lease
- IRREPLACEABLE COASTAL 2ND STREET LOCATIONS
Executive Summary
Kidder Mathews is pleased to present this rare purchase opportunity consisting of two single-tenant net lease properties located along 2nd Street in Long Beach, California, leased to Bank of America and U.S. Bank, both investment-grade national financial institutions.
Property Facts
| Price | $19,500,000 | Number of Properties | 2 |
| Price / SF | $1,523 / SF | Individually For Sale | 0 |
| Cap Rate | 4.11% | Total Building Size | 12,803 SF |
| Sale Type | Investment NNN | Total Land Area | 0.67 AC |
| Status | Active |
| Price | $19,500,000 |
| Price / SF | $1,523 / SF |
| Cap Rate | 4.11% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 12,803 SF |
| Total Land Area | 0.67 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Bank of America N.A.
5101 E 2nd St, Long Beach, CA 90803 |
Retail | 7,584 SF | 1968 | - |
| 5430 E 2nd St, Long Beach, CA 90803 | Retail | 5,219 SF | 1975 | - |
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Trophy BofA & U.S. Bank Portfolio
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