1028 East 21st Street

1028 East 21st Street Long Beach, California 90806 Estados Unidos

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.

Listing Courtesy of John 'Judd' Dunning, John Barker Dunning, 01520854, Active

The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.