6082-6090 Atlantic Ave
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6082-6090 Atlantic Ave
6,000 SF 100% Leased Retail Building Long Beach, CA 90805 $1,685,616 CAD ($281 CAD/SF) 4.31% Cap Rate
Investment Highlights
- The Neema Group of Marcus & Millichap is pleased to present an investment opportunity at 6082 Atlantic Ave in North Long Beach
- Two tenants have 4 years remaining on their lease term with no options; two tenants have one five-year option at the end of their lease term
- Well-kept building totaling 6,000 SF on a 9,341 SF lot; eight parking spaces at the rear of the property
- The property features four retail spaces and is currently fully occupied by a nail salon, hair salon, bakery, and an office tenant
- The property is being offered at a low $200 PSF at the asking price
- Highly visible location for retail with over 23,000 cars per day on Atlantic Ave; just south of Jordan High School
Executive Summary
The Neema Group of Marcus & Millichap is pleased to present an investment opportunity at 6082 Atlantic Ave in North Long Beach, a multi-tenant retail property on a corner lot between E Harding St & South St.
The property features four retail spaces and is currently fully occupied by a nail salon, hair salon, bakery, and an office tenant; two tenants have 4 years remaining on their lease term with no options; two tenants have one five-year option at the end of their lease term.
The majority of the rents are below market, an ideal opportunity to reposition the building at the end of the lease terms to achieve market rents, or occupy a portion of the building as an owner user.
The property is being offered at a low $200 PSF at the asking price.
Well-kept building totaling 6,000 SF on a 9,341 SF lot; eight parking spaces at the rear of the property.
Highly visible location for retail with over 23,000 cars per day on Atlantic Ave; just south of Jordan High School and easy access to both the 710 & 91 Freeways.
The property features four retail spaces and is currently fully occupied by a nail salon, hair salon, bakery, and an office tenant; two tenants have 4 years remaining on their lease term with no options; two tenants have one five-year option at the end of their lease term.
The majority of the rents are below market, an ideal opportunity to reposition the building at the end of the lease terms to achieve market rents, or occupy a portion of the building as an owner user.
The property is being offered at a low $200 PSF at the asking price.
Well-kept building totaling 6,000 SF on a 9,341 SF lot; eight parking spaces at the rear of the property.
Highly visible location for retail with over 23,000 cars per day on Atlantic Ave; just south of Jordan High School and easy access to both the 710 & 91 Freeways.
Financial Summary (Pro forma - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$161,819
|
$26.97
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$11,327
|
$1.89
|
| Effective Gross Income |
$150,492
|
$25.08
|
| Taxes |
$20,902
|
$3.48
|
| Operating Expenses |
$33,209
|
$5.53
|
| Total Expenses |
$54,111
|
$9.02
|
| Net Operating Income |
$96,381
|
$16.06
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $161,819 |
| Annual Per SF | $26.97 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $11,327 |
| Annual Per SF | $1.89 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $150,492 |
| Annual Per SF | $25.08 |
| Taxes (CAD) | |
|---|---|
| Annual | $20,902 |
| Annual Per SF | $3.48 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $33,209 |
| Annual Per SF | $5.53 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $54,111 |
| Annual Per SF | $9.02 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $96,381 |
| Annual Per SF | $16.06 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
6,000 SF
Building Class
C
Year Built
1935
Price
$1,685,616 CAD
Price Per SF
$281 CAD
Cap Rate
4.31%
NOI
$72,636 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
9’
Building FAR
0.64
Land Acres
0.21 AC
Zoning
CNA
Parking
8 Spaces (8 Spaces per 1,000 SF Leased)
Frontage
Walk Score ®
Very Walkable (75)
Bike Score ®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 7124-016-041 | Total Assessment | $1,484,605 CAD |
| Land Assessment | $874,714 CAD | Annual Taxes | $20,902 CAD ($3.48 CAD/SF) |
| Improvements Assessment | $609,891 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
7124-016-041
Land Assessment
$874,714 CAD
Improvements Assessment
$609,891 CAD
Total Assessment
$1,484,605 CAD
Annual Taxes
$20,902 CAD ($3.48 CAD/SF)
Tax Year
2024
-
Neema Ahadian -
Marcus & Millichap
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6082-6090 Atlantic Ave
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