6082 Atlantic Avenue

Long Beach, California 90805


  • Property Details

    Rare five-unit retail building with NNN long terms leases under one million dollars. One tenant occupies two units, hence this center is 100% occupied by four tenants. Two tenants have 3% annual rent increases, one tenant has a flat 3-year lease, and one tenant has 5% annual increases. The 6.10% Cap Rate is based on ACTUAL numbers.The City of Long Beach has a beautification initiative underway for this area. This is a great opportunity to buy BEFORE the City's redevelopment is complete which will most likely increase property values. In addition, UPTOWN Business District Tenant plan to implement a $10,000 updated facade to the front exterior.Building size is 6,000 square feet on 9,340 square feet of land with eight parking spaces behind the building. There is also plenty of street parking in front of the building and on the side of the building, as the property sits on a corner which provides ample street parking.REQUEST OFFERING MEMORANDUM FROM BROKER.
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  • Additional Property Information

    This listing is located at 6082 Atlantic Avenue, Long Beach, CA. The property is presently offered for $949,800.

    This property is listed by John Gessford of First Team Real Estate headquartered in California.

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