CLOSED ESCROW
RETAIL VACANT/USER
8615 LONG BEACH BOULEVARD
SOUTH GATE, CA 90280
PRICE:
PRICE/SF:
CAP RATE:
BUILDING SF:
YEAR BUILT:
​
$999,000
$60
4.19%
16,648
1947
DEAL HIGHLIGHTS​:
-
Multiple Offers
-
Sold at 100% of List Price
-
Great South Gate Location
ASSET HIGHLIGHTS
-
Ideal for Owner User with Small Business Administration (SBA) Financing Available
-
Low Cost per Square Foot
-
Densely Populated Area
-
Month-to-Month Lease
THE ASSET
The Hirth Group is pleased to present 8615 Long Beach Boulevard in South Gate, California. The subject property consists of a single-tenant, 16,648-square foot building with approximately 5,500 square feet of mezzanine space.
The current tenant is on a month-to-month lease with below market rent. This value add property offers a savvy investor the opportunity to either increase rent on the current tenant or lease the space to a new tenant at market rent.
The subject property is an excellent opportunity for an owner/user to take advantage of the low price per foot, excellent location, and very attractive Small Business Administration financing available.
8615 Long Beach Boulevard is located in a densely populated area with over 1,000,000 residents within a five-mile radius and roughly 25,000 cars pass the site daily.