$1,512,560
Active MLS # 23330187 | Listed by John 'Judd' Dunning with John Barker Dunning
Active MLS # 23330187 | Listed by John 'Judd' Dunning with John Barker Dunning
1028 E 21st Street is a $1,512,560, 4,144 square foot, 1.0 bath home on a 0.10 acre lot located in Long Beach, CA.
THE PROPERTY: DWG Capital Group is pleased to present For Sale or For Lease, a 4,144 sf Industrial building close to the Port of Long Beach and the Long Beach Airport. The building sits on a 4,201 sf (0.10 acre) lot, perfect for supporting shipping/receiving, indoor storage, manufacturing, or distribution. The impressive property features a recently updated bowtruss ceiling, a fresh coat of interior and exterior paint, as well as two roll-up door drive ins (12'w x 10'h). The site is an excellent opportunity for an owner/user to establish a new creative office. THE MARKET: Long Beach is a coastal city that offers more than just a port complex. The port complex is a major industry driver and the Southern California port complex handles nearly one-third of all U.S. cargo volume. The proximity to the Southern California port complex drives a significant portion of tenant demand. That demand, coupled with a strong manufacturing base in Southern California, supports strong market fundamentals. Vacancy rates are historically low at 4.2% and market grent growth is up to approximately $20-25/SF pulling cap rates down to an average of 4% and approximately $400/SF. Sales activity in recent quarters has been strong and demonstrates ample investor demand for industrial properties in the area. THE LOCATION: Long Beach is a coastal city that offers more than just a port complex. It is the second-largest city in Los Angeles County by population and has a vibrant downtown area that is connected to the region's Metro light rail system. The downtown area has a large convention center, significant multifamily and hotel development, and retail attractions that draw from across the metro. Nevertheless, the port complex is a major industry driver and the Southern California port complex handles nearly one-third of all U.S. cargo volume.
Full Bathrooms | 1 |
Basement | Slab |
Interior Features | Unfurnished Loft None Isolate Parquet Floor Recessed Lights Side Door Skylight Slate Flooring Staircase Vaulted Ceiling |
Fireplace Types | None |
Cooling Types | None |
Heating Types | None |
# Parking Spaces | 2 |
Parking Types | Public Uncovered |
Exterior Features | North None None Call None None |
Views | None |
Construction Types | Brick Concrete |
Attribution Contact | 310-261-8428 |
Financial Terms | Cable TV Electricity Exterior Maintenance Gas |
Property Type | Residential Lease |
Style | One Full Service Updated Remodeled Architectureal Style - Modern |
Year Built | 1927 |
HOA Fee | $0.00 |
Taxes | $0.00 |
County | los angeles |
Neighborhood |
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