GEORGE REALTY
PROPERTY NAME
CBCWorldwide.com
RETAIL CENTER FOR SALE
For more info, please contact listing broker: Aldon Lai │ 626.552.1028 │ [email protected]
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approxi-
mate. Buyer must verify the information and bears all risk for any inaccuracies. © 2018 Coldwell Banker Commercial George Realty.
CBCWorldwide.com
FOR SALE 400 East Anaheim Avenue
Long Beach, CA 90813
Coldwell Banker Commercial
George Realty
Aldon Lai
626.552.1028
License 01855739
EXCLUSIVELY LISTED BY:
Multi-Tenant Strip Center APN: 7273-001-039
GEORGE REALTY
PROPERTY NAME
CBCWorldwide.com
RETAIL CENTER FOR SALE
For more info, please contact listing broker: Aldon Lai │ 626.552.1028 │ [email protected]
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approxi-
mate. Buyer must verify the information and bears all risk for any inaccuracies. © 2018 Coldwell Banker Commercial George Realty.
THE PROPERTY
PROPERTY HIGHLIGHTS
Multi-Tenant Retail Center
400 East Anaheim Street
Long Beach, CA 90813
Property Type: Retail Investment —Multi-Tenant Strip Center
APN: 7273-001-039
Zoning: The Community R-4-N (CCN) District is similar to the Community Auto-Oriented District, but also permits medium density residential development at R-4-N densities.
Year Built: 1998
Building Size: 9,100 SF (GLA)
Land: ±45,110 SF Total
Parking: ± 50 with Street Parking
Parking Ratio: ±5.5:1,000
Center is anchored by Burger King Corporation, part of the Res-taurant Brands International (Stock ticker “QSR”).
In-place net leases provide ease of management with only four tenants. Low management responsibilities.
Net leases with CAM reimbursements provide maximum return on investment.
21% upside by filling vacancy at market lease rates. Coupled with annual rent increases among its existing tenants’ leases, the new buyer can double its cash on cash.
PROPERTY SPECS
Sale Price*: $4,900,000
Price per RSF $538/RSF
PRICE
PROPERTY DETAILS
Coldwell Banker Commercial George Realty is proud to present a net leased investment opportunity to a qualified investor. This asset is anchored by a Burger King Drive-Thru on a 9,100 square foot retail center. The property is situated on a 45,110 square foot lot with a ±50 parking spaces. All tenants are on long term NNN leases and have regular lease increases that are in the binding lease agreement.
LOCATION INFORMATION
Frontage: East Anaheim Street
Cross Street: Elm Avenue
Located: SE Corner
Land: City of Long Beach
Submarket DTLB & MTLB
County Los Angeles
The Port of Long Beach, also known as the Harbor De-
partment of the City of Long Beach, is the second-
busiest container port the United States, after the Port
of Los Angeles which it adjoins acting as a major gate-
way for US–Asian trade, the port occupies 3,200 acres
of land with 25 miles of waterfront in the city of Long
Beach, California. This seaport generates approximate-
ly $100 billion in trade and employs more than 316,000
people in Southern California.
*Fee simple estate for sale only. Please DRIVE BY ONLY
and NEVER STEP ON THE PROPERTY without the listing
brokers’ permission. The existing tenants and its employ-
ees do not know the property is for sale. Please contact
listing brokers for all inquiries and/or property tour.
GEORGE REALTY
PROPERTY NAME
CBCWorldwide.com
RETAIL CENTER FOR SALE
For more info, please contact listing broker: Aldon Lai │ 626.552.1028 │ [email protected]
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approxi-
mate. Buyer must verify the information and bears all risk for any inaccuracies. © 2018 Coldwell Banker Commercial George Realty.
RENT ROLL
GEORGE REALTY
PROPERTY NAME
CBCWorldwide.com
RETAIL CENTER FOR SALE
For more info, please contact listing broker: Aldon Lai │ 626.552.1028 │ [email protected]
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approxi-
mate. Buyer must verify the information and bears all risk for any inaccuracies. © 2018 Coldwell Banker Commercial George Realty.
FINANCIAL SUMMARY
ANNUALIZED OPERATING DATA
Actual ProForma
Scheduled Gross Income (SGI): $ 212,361.00 $269,075.86 at 100% occupancy
Expense Reimbursement $ 91,711.68 $108,913.63
Gross Operating Income: $ 304,072.68 $377,989.49
Total Operating Expenses: $ 103,045.55 $103,045.55
Net Operating Income (NOI): $ 201,027.13 4.10% $274,943.94 5.61%
Capitalization Rate Capitalization Rate
OPERATING EXPENSES
Amount % of SGI
Property Taxes 2018 (NEW @1.25) $ 61,250.00 28.84%
Fire & Liability Insurance $ 4,000.00 1.88%
30% Water Charge $ 6,582.31 3.10%
Utilities (Electricity, Trash, City Water) $ 11,433.58 5.38%
Gardening Service $ 3,000.00 1.41%
Trash Dumped for Groundkeeping $ 600.00 0.28%
Security Surveillance $ 1,223.76 0.58%
Fire Alarm (Phone Line) $ 1,674.24 0.79%
Fire Alarm (Monitoring Service) $ 540.00 0.25%
Management Fee (6% of Collected Income) $ 12,741.66 6.00%
TOTAL EXPENSES $ 103,045.55 48.52% $16.10 Annually Per SF
$1.34 Monthly Per SF
GEORGE REALTY
PROPERTY NAME
CBCWorldwide.com
RETAIL CENTER FOR SALE
For more info, please contact listing broker: Aldon Lai │ 626.552.1028 │ [email protected]
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approxi-
mate. Buyer must verify the information and bears all risk for any inaccuracies. © 2018 Coldwell Banker Commercial George Realty.
PROPERTY OVERVIEW
PROPERTY PHOTOS
GEORGE REALTY
PROPERTY NAME
CBCWorldwide.com
RETAIL CENTER FOR SALE
For more info, please contact listing broker: Aldon Lai │ 626.552.1028 │ [email protected]
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approxi-
mate. Buyer must verify the information and bears all risk for any inaccuracies. © 2018 Coldwell Banker Commercial George Realty.
MAP & AERIAL
GEORGE REALTY
PROPERTY NAME
CBCWorldwide.com
RETAIL CENTER FOR SALE
For more info, please contact listing broker: Aldon Lai │ 626.552.1028 │ [email protected]
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approxi-
mate. Buyer must verify the information and bears all risk for any inaccuracies. © 2018 Coldwell Banker Commercial George Realty.
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