Multi-Unit Industrial Flex
620 West 16th St Long Beach, CA 90813
New
620 West 16th St, Long Beach, CA, 90813
Contact for pricing
For Sale
Contact for pricing
Flex industrial park offers six units with a 50/50 office and warehouse layout and current occupancy in four units.
Property Size13,245 SF
Price / SF$245
Days on Market6
Property Features for 620 West 16th St
General Information
- Standard status
- Active
- Size
- 13,245 SF
- Property subtype
- Industrial
Listing Agency
Lee & Associates - Long Beach
(562) 243-4734
Listed by
Gavin Gill · License #CA 01936303
Source
Crexi
Added: Jul 15 Updated: Jul 20 at 2:18 am Checked: Jul 20 at 2:18 am
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 Lee & Associates - Long Beach
Investment Insights
Based on property information with market context.
Westside Business Park is an industrial flex property being offered for sale by the original builder/developer. The building totals approximately 13,245 square feet of rentable space and is configured as six separate units. Four of the units are currently leased, with Units E and F representing approximately half of the building available for lease.
The park combines office and warehouse space on a roughly balanced basis, with the building described as 50% office space and 50% warehouse. The office portion includes “modern amenities,” while the warehouse portion is intended to support storage, production, or distribution. The asset is presented as having a track record of long-term tenants and consistent occupancy.
For buyers considering either tenancy or owner-user use, the multi-tenant layout provides administrative and operational space within the same industrial property framework.
The park combines office and warehouse space on a roughly balanced basis, with the building described as 50% office space and 50% warehouse. The office portion includes “modern amenities,” while the warehouse portion is intended to support storage, production, or distribution. The asset is presented as having a track record of long-term tenants and consistent occupancy.
For buyers considering either tenancy or owner-user use, the multi-tenant layout provides administrative and operational space within the same industrial property framework.
Key Highlights
- Westside Business Park includes approximately 13,245 rentable SF across six industrial units
- Current occupancy: four of six units are leased (Units E & F are approximately 50% of the building available for lease)
- Balanced 50% office and 50% warehouse layout for combined administrative and operational space
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 | $360.8k | $27.24 |
| − Vacancy | −$81.2k | −$6.13 |
| EGI | $279.6k | $21.11 |
| − OpEx | −$69.9k | −$5.28 |
| NOI | $209.7k | $15.83 |
13,245 SF · lease $27.24/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.00M
$2.62M – $3.50M
NOI $209,711 @ 7.0% cap · market cap 6.46%
Second Best
Warehouse
$2.68M
$2.35M – $3.13M
NOI $187,950 @ 7.0% cap · market cap 5.79%
Theoretical Best
Multifamily LT 5
$4.35M
$3.81M – $5.07M
NOI $304,434 @ 7.0% cap · market cap 9.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mjm Facility Support ...
General Contractor
Harbor Breeze Corporation
Tour Operator
Pacific Coast Ashes ...
(Bike/Boat/Book/etc) Store
Help Me Help ...
Charitable Organization
Grand Transportation
Trucking Company
Similar For Sale Nearby
Similar Off Market Nearby
- Berg Catering — 855 elm ave, long beach, ca 90813
- Mikhuna — 1370 W Gaylord St, Long Beach, CA 90813
- Airika Ashley's Kitchen — 1624 Henderson Ave, Long Beach, CA 90813
FAQs
What type of property is this?
Flex space - Flex industrial park offers six units with a 50/50 office and warehouse layout and current occupancy in four units.
Where is this flex space located?
The property is located at 620 West 16th St Long Beach, CA.
What is the asking price?
The asking price for this property is $3,245,025.
What are key features of this property?
This property features: Westside Business Park includes approximately 13,245 rentable SF across six industrial units; Current occupancy: four of six units are leased (Units E & F are approximately 50% of the building available for lease); Balanced 50% office and 50% warehouse layout for combined administrative and operational space
