1347 Redondo Avenue

About This Property

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.

Neighborhood

This property is located in Long Beach. Want to learn more about the area?

Listing courtesy of High Equity Real Estate Service, Inc.

Listing data from CRMLS. Deemed reliable but not guaranteed.