Contacts

Steve Gim

NAI Capital

Property Details

Property Type Industrial - Manufacturing
Property Size 7,200 SF
Lot Size 18,030 Acre
Additional Rent Contact for pricing
Year Built 1957
Date Updated Nov 15, 2024
HVAC None

Major Cross Streets is E. South Street and N. Paramount Blvd. Located in North Long Beach, Two Blocks South of the 91 Freeway.NAI Capital presents a rare opportunity to acquire a 7,200 sq. ft. building on a 18,030 sq. ft. lot, that is situated within the Green Zone of Long Beach. Previously utilized for cultivation use, this asset provides the convenience of a existing built-out facility previously approved and licensed by the City and State for a cannabis cultivation and nursery business. The property was intensively improved in 2018/2019 with improvements including all new heavy power (800 amp 3 phase), DPS insulated walls, 3 flower rooms, 1 vegroom, 1 mother room, drying room, and utility/watering room. Property amenities also include custom rolling trays, custom walk-in vault safe for product storage, ADA bathroom, security camera system, epoxy floors, reception area, and a private office. Additionally, the asset is situated on a large secured gated lot and has ample parking + a covered awning area in the rear of the building. There is also an upstairs mezzanine area that can be used for storage that is not included in the square footage. Property is zoned LBIG (General Industrial) and can also be used for many traditional businesses as well. (See City website for all permitted uses).

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Highlights

7,200 Sq/Ft Long Beach Green Zone Cultivation Building
Heavy Power- 800 Amp 3 Phase
Certificate of Occupancy Issued from City of Long Beach for Cultivation
Extensively Upgrade in 2018/2019
Large Gated Yard with Covered Awning
Zoned LBIG- Cannabis Complaint
Potential Investment Pro Forma Cap Rate of 8.15% Through Lease-Up. Call Agent for Details.

Getting around

64/100
Walk Score ®
40/100
Transit Score ®
73/100
Bike Score ®

Powered by Walk Score ®

City Long Beach, CA
Neighborhood Cherry Manor
Zip Code 90805
Market Los Angeles

Points of Interest

Del Amo

3.05 miles
Wardlow

3.54 miles
Long Beach Boulevard

5.22 miles
Pacific Coast Highway

5.26 miles
Anaheim Street

5.75 miles
5th Street

6.31 miles
Willowbrook/Rosa Parks

6.43 miles
Pacific Avenue

6.46 miles
Norwalk/Santa Fe Springs

6.91 miles
103rd Street/Watts Towers

7.35 miles

7-Eleven

0.52 miles
Arco

0.97 miles
Chevron

1.01 miles
Mobil

1.05 miles
Arco;Am pm

1.06 miles
76

1.10 miles
Shell

1.13 miles
EVgo

1.39 miles
Costco Gasoline

1.61 miles
eVgo

3.35 miles

Enterprise

0.96 miles
Long Beach Car Wash

1.00 miles
Lakewood Car Wash

1.05 miles
Apollo RV Rental

1.16 miles
BigBen Car Wash

1.54 miles
Crown America Carwash

1.96 miles
Carwood Car Wash

1.98 miles
car wash

3.02 miles
Carwash $1

3.04 miles
EZ Rent a Car

3.11 miles

McDonald's

0.46 miles
Del Taco

0.55 miles
Douglas Char-broiled Burger

0.56 miles
Chinese Fast Food

0.60 miles
Winny's Donut House

0.60 miles
Bahn Thai Restaurant

0.60 miles
El Pollo Loco

0.64 miles
Granny's Donuts

0.67 miles
Subway

0.68 miles
Weinerschnitzel

0.91 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

5885 N. Paramount Blvd.