For Lease!

1028 E 21st St

Long Beach, CA 90806

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.

Lease Price $1,512,560/month

Beds

0

Baths

1

Home Size

4144 Sq. Ft.

Lot Size

4202 Sq. Ft.

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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.

This home located at 1028 E 21st St is currently active and has been available on pardeeproperties.com for 203 days. This property is listed at $1,512,560. It has 0 beds and 1 bathrooms. The property was built in 1927. 1028 E 21st St is in the Poly High community of Los Angeles County.

Quick Facts

  • 203 days on market
  • Built in 1927
  • Total parking spaces 2Car
  • Uncovered, Public
  • Community | Poly High
  • MLS# | 23-330187

Features

  • None Cooling
  • None Heat
  • Cement Floors
Connect with an agent
(4)

Colleen Buerge

Partner | DRE #01875348

Listed By John 'Judd' Dunning · John Barker Dunning

Did you know?

With a monthly budget of $1,512,560, you can OWN a property worth

$213,889,450

  • Down Payment: 20%
  • Property Insurance: $234,447 / year
  • Loan: 30-year fixed
  • Property Taxes: 1.25% / year
  • HOA/Maintenance: $600 / month
  • Interest rate: 7.157%*

*Based on the average 30-year fixed interest rate from the Federal Reserve Bank of St. Louis. Your monthly payment will be different, and subject to Lender Approval.

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