Industrial Property for Sale in Long Beach, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Long Beach, CA 90813
  • Year built: 1963

Description

This sale offers the opportunity to purchase a port-adjacent industrial property in Long Beach. Trucking and port-related uses are permitted by right and the property is situated on the overweight corridor. The subject property, located at 1290 West 11th Street, consists of a single parcel for a total of 10,270 square feet of land. The site has been improved with an industrial warehouse. The building is of concrete tilt-up construction and has a clear height of 12’. Utilities to the warehouse include water, sewer, and electricity. The building has not been occupied for several years and has deferred maintenance. The warehouse is situated on the northwest corner of the lot, leaving a large yard area behind it. The yard is fenced, paved in asphalt and can be accessed from both Fashion Avenue as well as 11th Street. Zoning on the sites is LBIP which is an industrial zoning designation that permits for numerous types of port-related industrial uses. Trucking and container uses are permitted by right and do not require a conditional use permit. Situated on the corner 11th Street and Fashion Avenue, the subject property is located in a desirable port-adjacent area of Long Beach. The property is in a low-traffic area, and can be access from two different locations, offering excellent trucking maneuverability to the site. The site is located on the overweight corridor. 1290 West 11th Street offers the opportunity to purchase an industrial property that is immediately adjacent to the port. The site has attributes that provide for functionality and attractive long-term value, and is suitable for owner/users and investors alike. Investment Highlights: • 10,270 SF of Land • 2,400 SF Concrete Building • Port-Adjacent • Industrial Zoning (LBIP) • Overweight Corridor • Trucking Permitted By Right

Market Context

This industrial in Long Beach, CA is listed for sale. It is offered at an approximate 1.0% capitalization rate, a key benchmark for income-producing industrial assets. The building dates to 1963. It has been on the market for 52 days. Compare it against other industrial listings for sale in Long Beach, CA — <a href="/search/sale/industrial/california/long-beach">view the full market</a>.

Unified Estimate

Low Confidence

$9.35/SF – $12.65/SF

Mid: $11.00/SF

Rate estimator only; cost-of-business estimate unavailable.

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