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201-207 E Broadway - Insurance Exchange Building

3,238 SF Office Condo Unit Offered at $2,488,500 CAD in Long Beach, CA 90802

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Investment Highlights

1 story on the 2nd floor in a 7 story building
Exposed ceiling with abundant natural light, wood floors, exposed brick and exposed beams throughout, along with operable windows
Private elevator access to the floor

Turnkey creative office space on The Long Beach Promenade
Rare opportunity to acquire an entire floor
Plenty of parking - Two dedicated parking stalls which are paid for by HOA dues, along with plenty of public parking and monthly parking passes avail

Flyer - 207 E. Broadway

Property Facts

Price	$2,488,500 CAD	Building Class	C
Unit Size	3,238 SF	Floors	7
No. Units	1	Typical Floor Size	3,661 SF
Total Building Size	25,630 SF	Year Built	1927
Property Type	Office (Condo)	Lot Size	0.08 AC
Property Subtype	Office/Residential	Parking Ratio	0.55/1,000 SF
Sale Type	Owner User	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$2,488,500 CAD
Unit Size	3,238 SF
No. Units	1
Total Building Size	25,630 SF
Property Type	Office (Condo)
Property Subtype	Office/Residential
Sale Type	Owner User
Building Class	C
Floors	7
Typical Floor Size	3,661 SF
Year Built	1927
Lot Size	0.08 AC
Parking Ratio	0.55/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Unit Available

Unit 207

Unit Size	3,238 SF	Condo Use	Office
Price	$2,488,500 CAD	Sale Type	Owner User
Price Per SF	$768.53 CAD	No. Parking Spaces	2

Unit Size	3,238 SF
Price	$2,488,500 CAD
Price Per SF	$768.53 CAD
Condo Use	Office
Sale Type	Owner User
No. Parking Spaces	2

Description

2nd floor office/live-work space
Turnkey creative office space on The Long Beach Promenade
The Long Beach Promenade is one of the hottest alfresco, pedestrian-only, urban dining and entertainment districts in Los Angeles County. Trend-setting restaurants and bars include: The Ordinarie, The Stave Bar, Harvell’s of Long Beach, Dog Haus Biergarten, and Portuguese Bend Distillery.
Exposed ceiling with abundant natural light, wood floors, exposed brick and exposed beams throughout, along with operable windows
Rare opportunity to acquire an entire floor
Secure building access
Private elevator access to the floor
Plenty of parking - Two dedicated parking stalls which are paid for by HOA dues, along with plenty of
public parking and monthly parking passes available in the structures in the immediate vicinity.
Ideal Layout: 4 large window offices, open kitchen (with gas, a dishwasher, and a farmhouse sink),
large receptionist area, large open area with 4 built-in workstations, large conference room, storage
closest, IT room, separate men’s and women’s restrooms including steam rooms and showers in each,
laundry facility, copy/file/fax area and nook area. Built-in wood cabinetry throughout the Premises.
Historic building with a unique blend of historical charm and modern upgrades.
Mills Act Property – The property is included in the Mills Act Program which allows tax savings.

Sale Notes

1.The New Promenade - The new promenade is one of the hottest alfresco, pedestrian-only, urban dining and entertainment districts in Los Angeles County.
2.Partial List of Nearby Amenities
a. Less than ½ mile from Long Beach Civic Center, which includes five distinct buildings and landscapes: Long Beach City Hall, the Main Library, the Long Beach Courthouse, Lincoln Park, and the Long Beach Public Safety Building and Police Station.
b. Less than ½ mile from new expanded Long Beach Convention Center
c. ½ mile from The Pike
d.1 Mile from Shoreline Village Marina
e. Hotels located within walking distance Include: Marriott Long Beach Downtown, The Westin, Fairmont Breakers Long Beach, Hotel Maya, Hilton Long Beach, Hyatt Regency, Hyatt Centric at the Pike and Hotel Mai.
3.The Property is located in the Pine and Promenade neighborhood in the center of Downtown Long Beach.
a.Pine Avenue Promenade is known as the “pulse-center of DTLB” and offers premium entertainment life with diverse food selections.
b.East Village is immediately to the east of the property and is a distinctly indie & artistic neighborhood and is one of DTLB’s most intimate neighborhoods, filled with boutique shops and creative businesses.
c. To the South is the Waterfront neighborhood which is a vibrant network of business corridors and neighborhoods. It is home to the Long Beach Convention & Entertainment Center, waterfront attractions like the Aquarium of the Pacific and Shoreline Village, more than 180 restaurants, incredible hotels, and so much more.
4.Walker’s Paradise with a 97/100 Walk Score and a very bikeable score of 88/100.
5.Ease of Access
a.Less than ¼ mile from the Metro A-Line light rail
b. Transit score of 75.
c.1 mile from the 710 freeway.
d.Close proximity to three major airports: Los Angeles (LAX), Long Beach (LGB), and John Wayne (SNA), providing domestic and international travel.
6.Future Growth:
a.The city’s proactive Specific Plan is transforming the Property’s surrounding area into a dynamic live-work environment. The forthcoming 2028 Summer Olympics, with several events hosted in Long Beach, is attracting significant investment in the city’s real estate.
7.Strong Employee Base in the Immediate Area
a.41,849 employees located within 1 mile radius, with over 376,877 residents located within 5 mile radius
b.Diverse employee base from health care, aerospace & defense, the Port of Long Beach. As Silicon Beach expands south, this employee base and diversity should only increase.
c. Close proximity to California State University Long Beach (CSULB - 38,273 students and 2,510 faculty members) and Long Beach City College (LBCC): (34,549 students and 1,064 faculty).