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General Retail For Sale • 115,271 SF
| 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 |
| Transit/Subway | Drive | Walk | Distance |
|---|---|---|---|
| 1st Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) | 1 min | 4 min | 0.2 mi |
| 5th Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) | 1 min | 4 min | 0.2 mi |
| Pacific Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) | 1 min | 5 min | 0.3 mi |
| Long Beach Transit Mall (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) | 1 min | 6 min | 0.3 mi |
| Anaheim Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) | 4 min | 15 min | 0.8 mi |
| Airport | Drive | Walk | Distance |
| Long Beach (Daugherty Field) | 14 min | - | 8.7 mi |
| Los Angeles International | 27 min | - | 22.1 mi |
| John Wayne/Orange County | 32 min | - | 28.0 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Type: | Covered |
| Included in Rent: | Yes |
John Read
CBRE
John Read
CBRE
