Build-to-Suit Office
For Sale
Contact for pricing
4223 East Anaheim Street, Long Beach, CA 90804
Office building delivered as a 2020 build-to-suit, with 2.5% annual increases noted in the remarks.
Property Size11,747 SF
Price / SF$910.45
Days on Market153
Property Features for 4223 East Anaheim Street
General Information
Standard status
Active
Size
11,747 SF
Property subtype
Office
Zoning
LBR2N
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$575,568
Building Details
Year Built
2020
Stories
2
Tenancy
Single
Listing Agency:
Coldwell Banker Realty Commercial
Listed By:
Nicholas Borrelli · License #CA 01481673
Source:
Crexi
Added: Apr 11
Changed: Sep 8
Last Checked: Sep 9 at 6:23AM
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 Coldwell Banker Realty Commercial
Investment Insights
Based on property information with market context.
This is an office building delivered as a 2020 build-to-suit, presented in the remarks as an infill location. The offering also notes 2.5% annual increases.
The property is located at 4223 E Anaheim St in Long Beach, within the Los Angeles MSA.
No additional details on suite layout, size, or current configuration were provided in the available information.
The property is located at 4223 E Anaheim St in Long Beach, within the Los Angeles MSA.
No additional details on suite layout, size, or current configuration were provided in the available information.
Key Highlights
- Office building delivered as a 2020 build‑to‑suit construction
- Remarks note 2.5% annual increases
- Positioned in the Los Angeles MSA
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$299,302
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,986,040
$6.0M
Cap Rate 7%
$4,275,743
$4.3M
Cap Rate 9%
$3,325,578
$3.3M
Market Conditions
NOI Build-Up for 11,747 SF
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.
Gross rent
$535.7K $45.60/SF
− Vacancy
−$136.6K −$11.63/SF
EGI
$399.1K $33.97/SF
− OpEx
−$99.8K −$8.49/SF
NOI
$299.3K $25.48/SF
Area
Long Beach, CA
Vacancy
25.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,986,040
Cap Rate 7%
$4,275,743
Cap Rate 9%
$3,325,578
Alternative Uses
Best Use
Office B
$4.28M
$3.74M – $4.99M
NOI $299,302 @ 7.0% cap · market cap 2.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.29M
$5.50M – $7.34M
NOI $440,251 @ 7.0% cap · market cap 4.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,740
Businesses Nearby
Explore this area
Business Placement
Demographics for 90804, CA
39,370
Population
15,998
Households
2.5
Avg Household Size
33
Median Age
30%
College-Educated
75%
High-School Grad
2.2 sq mi
ZIP Area
17,895
Density / Sq Mi
$68,940
Median Household Income
$38,914
Median Earnings
$1,801
Median Rent
$673,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Office building delivered as a 2020 build-to-suit, with 2.5% annual increases noted in the remarks.
Where is this office building located?
The property is located at 4223 East Anaheim Street Long Beach, CA.
What is the asking price?
The asking price for this property is $10,695,000.
What are key features of this property?
This property features: Office building delivered as a 2020 build‑to‑suit construction; Remarks note 2.5% annual increases; Positioned in the Los Angeles MSA
