Long Beach Nice Office Building For Sale $3,199,000

• Building Size:13,144 SF
• Price/SF:$243.38
• Property Type:Office
• Property Sub-type:Medical Office
• Additional Sub-types:Office Building, Office-Business Park, Office Condo
• Property Use Type:Investment
• Cap Rate:6.67%
• Occupancy:100%
• No. Stories:1
• Tenancy:Multiple
• Year Built:1975
• Lot Size:36,350 SF

Highlights

• Only $440,000-$500,000 down payment needed
• Seller financing
• 100% stabilized
• Beautiful campus with streams, rivers, and bridges
• Receive 100% of your initial investment back within 60 months!

Description

Purchase a 13,144 square foot medical/professional building with only $440,000 to $500,000 down. Sellers are willing to carry a note. The property is 100% occuppied with 10 medical / professional tenants. The property consist of 4 separate single story buildings on a very large lot. The campus is designed beatifully with an Asian style courtyard with streams, rivers and bridges throughout the lot. Located minutes from Long Beach Memorial Hospial and adjacent the to the 405 freeway, the property is positioned in a excellent part of Long Beach. Earn 10% cash on cash return immediately. Earn 15-20% returns within 3-5 years. Seller is very motivated to make a deal.

• Actual
• Year: 2009
• Net Operating Income:$213,373