1028 21st Street

Long Beach, CA 90806

$1,512,560/month

Listed Price
1

bed Beds

2

shower Baths

4,144 sqft

straighten $365 / sqft

1927

calendar_month Built

Property Description

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.

Interior Features

Bedroom Information
Bedrooms 1
Bathroom Information
Bathrooms 2
Fireplace Information
Features None
Interior Information
Cooling Type None

Listing Information

Address 1028 21st Street
City Long Beach
State CA
Zip 90806
County Los Angeles
Listing Agent John 'Judd' Dunning DRE#01520854
Courtesy Of John Barker Dunning
MLS 23330187
List Price $1,512,560/month
Status Active
Type Residential Lease
Structure Size 4,144
Lot Size 4,202
Year Built 1927
DOM 175

Exterior Information

Other Structures
Features None

Maps

Listing information courtesy of: John 'Judd' Dunning, John Barker Dunning . *Based on information from the Association of REALTORS/Multiple Listing as of Apr 24th, 2024 at 12:08 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.