7-ELEVEN

ANCHORED STRIP CENTER

1002 E PACIFIC COAST HWY | LONG  BEACH, CA

HIGHLIGHTS

• Signalized Hard Corner Property enjoys 260 feet of block to block frontage on busy intersection Pacific Coast Highway & Martin Luther King Jr Ave.


• Corporate 7-Eleven Anchored Strip Center with Upside- Rare opportunity to purchase a strip center containing a corporate tenant at only $237 /sq. ft.


• Excellent Traffic Count The combination of Pacific Coast Highway & Martin Luther King Jr. Ave boasts close to 60K VPD (vehicles per day)


• Dense LA Urban Market Located in a dense Los Angeles County city, containing 286,401 people in a 3 mile radius and over 490,515 people in a 5 mile radius.


• Exceptional Retail Trade Area Asset is conveniently located less than 2 miles from the 710 freeway and the street serves as a prime retail arterial for traffic going to and from the freeway. Polytechnic High School & Long Beach City College Pacific Coast Campus are also walking distance from the subject property.

PROPERTY INFO

Property Type: Net-Leased

Status: For Sale

Building Size (Total GLA): 25,045 SF

Lot Size: 42,091 SF

iNVESTMENT PRICING

Price: 5,175,000

Cap Rate Current: 6.05%

Cap Rate Pro Forma: 7.42%

Price Per Square Foot (Building): $206.63

Price Per Square Foot (Lot): $122.95

financial DETAILS

Occupancy: 90%

Major Tenants: 7-Eleven

contact

Ali Lodin
Associate
License No. 02090525
+1 949 942 1316
Ali.Lodin@vantiscap.com

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TOUCH

VANTIS CAPITAL ADVISORS

2 Park Plaza | Suite 300 | Irvine, CA 

949.942.1300

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