2635 E South Blvd - United Rental in SoCal | NNN w/ Annual Incrs
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2635 E South Blvd - United Rental in SoCal | NNN w/ Annual Incrs
3,000 SF Speciality Building Offered at £5,711,885 at a 6.91% Net Initial Yield in Long Beach, CA 90805
Investment Highlights
- Over 4.5 Years Remaining | Scheduled Rental Increases | Options to Extend
- Lakewood Center Mall (2,070,000 SF) | Dense Retail Corridor | Signalized, Hard Corner Intersection | State Hwy 91 (277,000 VPD)
- NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, United Rentals investment property located in Long Beach, California. The tenant, United Rentals, has over 4.5 years remaining on their lease term with 3 (5-year) options to extend. The lease features 2.5% annual rental increases during the initial term and option periods, growing NOI and hedging against inflation. The lease is NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.
Property Facts
| Price | £5,711,885 | Building Class | C |
| Price Per SF | £1,904 | Lot Size | 1.73 AC |
| Sale Type | Investment | Building Size | 3,000 SF |
| Net Initial Yield | 6.91% | Number of Floors | 1 |
| Property Type | Speciality | Year Built | 1976 |
| Property Subtype | Self-Storage | Parking Ratio | 39.33/1,000 SF |
| Price | £5,711,885 |
| Price Per SF | £1,904 |
| Sale Type | Investment |
| Net Initial Yield | 6.91% |
| Property Type | Speciality |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 1.73 AC |
| Building Size | 3,000 SF |
| Number of Floors | 1 |
| Year Built | 1976 |
| Parking Ratio | 39.33/1,000 SF |
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Bike Score ®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £525,467 | |
| Land Assessment | £2,804,571 | Total Assessment | £3,330,038 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£2,804,571
Improvements Assessment
£525,467
Total Assessment
£3,330,038
zoning
| Zoning Code | IG: Industrial (Industrial) |
| IG: Industrial (Industrial) |
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SRS Real Estate Partners
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2635 E South Blvd - United Rental in SoCal | NNN w/ Annual Incrs
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