COURT ORDERED SALE - Long Beach Office Building
# Building Size:8,582 SF
# Price/SF:$157.31
# Property Type:Office
# Property Sub-type:Office Building
# Additional Sub-types:Office Showroom
Medical Office:Free Standing Bldg
# Property Use Type:Vacant/Owner-User
# No. Stories:3
# Year Built:1978
# Lot Size:0.39 AC
# Parking Ratio:4 / 1,000 SF
Highlights
* Court Ordered Office Building Sale
* 3-Story Office Building with Executive Suites
* 360-Degree of Long Beach to the Ocean
* Cell Site Leased to Cox Communications
Description
**DO NOT DISTURB TENANTS**
Marcus & Millichap presents a court ordered sale of an 8,582-square foot office building situated on East Pacific Coast Highway in Long Beach, a couple of blocks from Long Beach Community Hospital and the Traffic Circle.
The subject property consists of a three-story structure with 360-degree views of Long Beach City to the ocean; the first floor has a reception area, private offices, a storage area and two restrooms. The second floor features a lobby and numerous private offices. The third floor has two additional restrooms, kitchen, private offices, a bullpen area and executive suites with views across the city. The property has undergone extensive renovations and upgrades throughout.
The property will be delivered vacant at the close of escrow, with the exception of a cell phone tower leased to Cox Communications. The property is underwritten assuming an owner-user or investor may purchase the property using a 10% down payment and obtain SBA financing. At the listed price the effective cost per square foot of ownership is nearly $1.00/per square foot, ultimately making your mortgage payments+operation costs lower than a comparable rental
PLEASE DO NOT DISTURB THE TENANT. THANK YOU.
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