Alamitos Plaza Infill Long Beach Strip Center 1002-1012 Alamitos Ave Local commercial 492 m² 100 % Loué À vendre Long Beach, CA 90813 1 687 335 € (3 426,85 €/m²) Taux de capitalisation 6,88 %

The Ovaness-Rostamian Group of Marcus & Millichap is pleased to present the opportunity to acquire a well-located infill retail center in the heart of Long Beach, California. Strategically positioned at a signalized hard corner with visibility to over 27,000 vehicles per day, the property offers excellent frontage, strong accessibility, and consistent foot and vehicular traffic.
The asset is anchored by a complementary mix of daily needs tenants, providing a reliable income stream with a favorable rent and CAM ratio. In-place rents average $2.45/SF/Month, reflecting healthy and sustainable levels that are considered easily replaceable in today's leasing environment. Additionally, most leases feature annual rent increases, ensuring built-in income growth over the hold period. With a weighted average lease term (WALT) of four years, investors benefit from immediate cash flow at 6.88% going-in cap rate, with upside to a 7.02% cap rate by 2027. through modest rent growth and tenant rollover.
Located in a dense, mature trade area, the center is supported by over 416,000 residents within a five-mile radius and boasts an average household income of $107,210. Additionally, average household retail expenditure within this radius reaches $239,585 annually, highlighting strong consumer spending and demand for essential retail services.
This offering presents an exceptional opportunity for private investors to acquire a stable, cash-flowing retail asset in a supply-constrained coastal submarket with long-term growth potential.