3908-3928 Atlantic Ave

Investment Overview

Lee & Associates is pleased to present 3908–3928 Atlantic Avenue, a fully occupied multi-tenant street-retail investment located along the primary commercial corridor of Bixby Knolls in Long Beach, California. The property consists of approximately ±12,418 square feet of building area on ±24,810 square feet of land and is currently 100% occupied by eight neighborhood serving tenants. The multi-suite configuration provides diversified rental income across a complementary mix of retail, food, service and specialty users. The property also features 36 on-site parking spaces located behind the buildings, providing a significant convenience for tenants and customers along Atlantic Avenue. Strategically positioned along Atlantic Avenue, the property benefits from prominent street exposure and direct access to the dining, shopping, service and entertainment amenities that define the Bixby Knolls business district. The surrounding residential neighborhoods provide an established customer base with strong household incomes, residential values and educational attainment. With approximately $452,642 in current NOI, the property offers investors strong in-place cash flow together with additional mark-to-market potential across the tenant base. Its combination of location, occupancy, on-site parking, diversified income and established storefronts creates a compelling opportunity to acquire a difficult-toreplicate retail asset within one of Long Beach’s most recognizable neighborhoods.