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300-325 The Promenade N
Long Beach, CA 90802 Downtown Long Beach

$31,012,000 USD

General Retail For Sale  •  115,271 SF

Property Details

  • Property Type General Retail
  • Total Building Size 115,271 SF
  • Lot Size 3.65 AC
  • Building Class A
  • Year Built 2002
  • Tenancy Multiple
  • Zoning LBPD30
75 Transit Score
98 Walk Score

Highlights

Dominant Multi-Building Portion – Promenade @ Mosaic is the most dominant retail portion in the Mosaic district and trade area
Value-Add Opportunity with Significant Upside Potential
Well Below Market Rents – Rents are well below market levels – approximately 16% below market
Rare coastal value-add opportunity consisting of six high-quality and irreplaceable “downtown coastal” retail assets totaling approximately ±148,405
Significant Income Growth– NOI is projected to grow by more than $1,360,000 (57%) upon stabilization & more than $2,990,000 (126%) over a 10-year hold
Diverse Tenancy with Brand Name and Synergistic Retailers – National, regional, and local operators

Amenities

  • Corner Lot
  • Dedicated Turn Lane
  • Signage
  • Signalized Intersection

Public Transportation

AirportDriveWalkDistance
Long Beach (Daugherty Field) 13 min - 4.9 mi
John Wayne/Orange County 34 min - 21.3 mi
Los Angeles International 33 min - 22.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Covered
Included in Rent: Yes
John Read 949-725-8606 CBRE
John Read 949-725-8606 CBRE