1347 Redondo Avenue

Sobre Esta Propiedad

1345-1347 Redondo Avenue is a stabilized, single-tenant NNN leased investment featuring a +/-6,673 SF freestanding retail/flex building on a +/-12,502 SF lot along one of Long Beach's primary commercial corridors. The property is 100% leased to a third-party logistics (3PL) operator on a 3-year NNN lease at $20,000 per month ($240,000 annually), generating an approximate 6.9% cap rate at the asking price. The property benefits from approximately 30,000 vehicles per day, strong street frontage, and a fully secured fenced yard - features that make it especially well-suited for the in-place logistics use and that command a rent premium versus typical retail or flex offerings in the submarket. Strategically zoned LBCNR (Neighborhood Commercial Retail), the asset accommodates a wide range of future uses including retail, office, medical, service commercial, and potential cannabis operations (subject to city approvals), providing meaningful long-term flexibility and downside protection at lease expiration. This offering is ideally positioned for a passive investor seeking stabilized in-place income with a credit-supported NNN structure, in a high-traffic infill Long Beach location.

Vecindario

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Listado cortesía de High Equity Real Estate Service, Inc.

Listing data from CRMLS. Deemed reliable but not guaranteed.