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    Corner Lot Warehouse/Retail/Showroom Title is generated by Realmo AI

    6150-6164 Cherry Ave, Long Beach, CA

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    Remodeled warehouse/retail/showroom with cell site income potential.

    Type:INDUSTRIAL
    Property size:
    14,712 SF
    Lot size:
    0.34 Acres
    Price / SF:
    $299/SF
    Added:
    Nov 14, 2024
    Days on Market:
    573
    Last Refresh:
    May 19 at 10:02 pm

    Property Features for 6150-6164 Cherry Ave

    General Information

    Standard status
    Active
    Size
    14,712 SF
    Lot size
    0.34 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Marc Bonando, SIOR

    Listing agent Marc Bonando, SIOR

    Listing office Kidder Mathews

    Listing date Nov 14, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Kidder Mathews

    HighLights

    • Cell site provides additional income
    • Completely remodeled and upgraded building
    • Brand new plumbing, electrical, and HVAC systems
    • Secured access
    • Remodeled offices, new restrooms, and kitchen
    • Corner lot location suitable for warehouse/retail/showroom

    Overview

    This property is a warehouse, retail, and showroom space situated on a corner lot. The building has been completely remodeled and upgraded, featuring new plumbing, electrical, and HVAC systems. Secured access is in place. The interior includes remodeled offices, new restrooms, a kitchen, conference rooms, and a mezzanine. Additionally, a cell site on the property offers the potential for additional income. The property size is 14,712 square feet.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $670.9k $45.60
    − Vacancy −$171.1k −$11.63
    EGI $499.8k $33.97
    − OpEx −$124.9k −$8.49
    NOI $374.8k $25.48
    14,712 SF · lease $45.60/SF/yr · vacancy 25.50% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $5.35M
    $4.69M – $6.25M (±1% cap)
    NOI $374,847 @ 7.0% cap · market cap 8.52%
    Second Best
    Retail
    $3.47M
    $3.03M – $4.04M (±1% cap)
    NOI $242,651 @ 7.0% cap · market cap 5.51%
    Theoretical Best
    Office A
    $7.88M
    $6.89M – $9.19M (±1% cap)
    NOI $551,372 @ 7.0% cap · market cap 12.53%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Showrooms

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

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    • Nearby Self Storage Units — 2819 E South St, Long Beach, CA 90805
    • StorQuest Self Storage — 2318 E South St, Long Beach, CA 90805
    • CubeSmart Self Storage — 2323 E South St, Long Beach, CA 90805
    • Stor-It Self Storage — 2601 South St, Long Beach, CA 90805

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.168
    Latitude
    33.8668

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    FAQs

    What type of property is this?
    Warehouse - Remodeled warehouse/retail/showroom with cell site income potential.
    Where is this warehouse located?
    The property is located at 6150-6164 Cherry Ave Long Beach, CA.
    What is the asking price?
    The asking price for this property is $4,400,000.
    What are key features of this property?
    This property features: Cell site provides additional income; **Completely remodeled and upgraded building**; Brand new plumbing, electrical, and HVAC systems
    (949) 235-3520 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Marc Bonando, SIOR
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