- Photos
- 1 of 7
Land For Sale • 0.16 AC
| Located along iconic 2nd Street, one of Southern California’s most desirable and supply-constrained coastal retail corridors |
| 100% passive ownership; lessee is responsible for all taxes, insurance, and maintenance. |
| 17-year remaining term (through 2042) with three 5-year renewal options. |
| 2% annual increases during the base term, then greater of CPI or fixed rent increases at each option period. |
| Average Base Term Cap Rate of ±4.4% with minimum escalations to 6.19%, 7.17% and 8.32% in respective option periods. |
| Current rent is significantly below market, offering strong reversionary IRR upside upon lease expiration. |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Long Beach (Daugherty Field) | 13 min | - | 6.3 mi |
| John Wayne/Orange County | 25 min | - | 17.6 mi |
| Los Angeles International | 36 min | - | 25.1 mi |
Ryan Sharpe
Kidder Mathews
Ryan Sharpe
Kidder Mathews
