OPPORTUNITY TO CONVERT AN EXISTING 10-STORY OFFICE BUILDING TO RESIDENTIAL FOR SALE OR JOINT VENTURE UNITS AND KEEP, OR REDEVELOP, THE ADJACENT EXISTING PARKING STRUCTURE E. OCEAN BLVD. 401 LONG BEACH, CALIFORNIA www.401eOcean.com OFFER DUE DATE: FRIDAY, FEBRUARY 24, 2017 BY 5:00PM PST FOR SALE OR JOINT VENTURE PLEASE DO NOT DISTURB OR CONTACT TENANTS for more information contact: Laurie Lustig-Bower Executive Vice President Lic. 00979360 310.550.2556 [email protected] Gary Stache Executive Vice President Lic. 00773736 949.725.8532 [email protected] Kadie Presley Wilson Senior Sales Director Lic. 01476551 310.550.2575 [email protected] OFFER DUE DATE: FRIDAY, FEBRUARY 24, 2017 BY 5:00PM PST www.401eOcean.com © 2017 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Pacific Ocean east ocean boulevard 401 long beach Pacific Ocean east ocean boulevard 401 long beach east ocean boulevard 401 long beach east ocean boulevard 401 long beach Executive Summary 1 Property Description 5 Rent Survey and Sales Comparables 14 Area Description 22 CATALINA ISLAND PORT OF LONG BEACH 710 SEASIDE FREEWAY QUEENSWAY BAY east ocean boulevard long beach RAINBOW LAGOON 401 PARK VICTORY PARK EAST SHORELINE DRIVE EAST 1ST STREET LINDEN AVENUE EAST BROADWAY EAST OCEAN BOULEVARD EAST 3RD STREET Downtown Long Beach LOCAL MAP StStSt MaryMaryMary MedicalMedicalMedical CenterCenterCenter E 10th St DrakeDrake ParkPark E 7th St E 6th St S h o CITY PLACE r e l Lo i n P Atl e sA ac L D e E ant ng Long Beach i if n v E 4th St l r m i d cA eles A W Long e ic A s n ve v o Av Ri t A e i v v m er e E 3rd St e Be a l M A a ch agn PINE SQUARE B E Broadway oli lv east ocean boulevard aA LincolnLincolnLincoln d Pi ve ParkParkPark ne E 1st St long beach Av 401 W Ocean Blvd e Burbank e Glendale v A E Ocean Blvd Pasadena y Arcadia Glendora Irwindaleerr Rancho Cucamonga VictoryVictoryVictory ParkParkPark h San Dimas C Upland Rosemead Blvd Rosemead Blvd Rosemead Blvd Rosemead Blvd Rosemead Blvd Rosemead Blvd Rosemead Blvd Rosemead Blvd Rosemead Blvd Rosemead Blvd Rosemead Blvd Rosemead Blvd Rosemead Blvd Rosemead Blvd Rosemead Blvd Rosemead Blvd Rosemead Blvd Rosemead Blvd Rosemead Blvd Rosemead Blvd Rosemead Blvd Rosemead Blvd Rosemead Blvd Rosemead Blvd Rosemead Blvd Rosemead Blvd Rosemead Blvd Rosemead Blvd Rosemead Blvd Rosemead Blvd Rosemead Blvd Rosemead Blvd Rosemead Blvd Rosemead Blvd Rosemead Blvd Rosemead Blvd Rosemead Blvd Rosemead Blvd Rosemead Blvd Rosemead Blvd Rosemead Blvd Rosemead Blvd Rosemead Blvd Rosemead Blvd Rosemead Blvd Rosemead Blvd Rosemead Blvd Rosemead Blvd Alhambra Rosemead Blvd Baldwin Park PalmPalmPalm BeachBeachBeach ParkParkParParkk Beverly Hills El Monte Pomona DOWNTOWN REGIONAL MAP West Covina THE PIKE AT Los Angeles ONTARIO INTL RAINBOW HARBOR Santa Monica Walnut Culver City Ontario Commerce Pico Industry Chino y RainbowRainbowRainbow LagoonLagoonLagoon ParkParkPark E Shoreline Dr Rivera Diamond Bar a RainbowRainbowRainbow LagoonLagoonLagoon ParkParkPark Rowland Heights W Inglewood WW Whittier s hhhiiiitiiittt Chino Hills ShorelineShorelineShoreline AquaticAquaticAquatic ParkParkPark iiiitiitittttiitiiieiiee ShorelineShorelineShoreline AquaticAquaticAquatic ParkParkPark FFFiiiiriirrreeessstttotoo iiiiieiieerrrr n eeessstttotoonnneeeBBllllvllvvddd BBBllllvlllvvv lllvllvvddd llllvllvlvvddd e ddd LOS ANGELES INTL Santa Fe Springs e Downey u Brea Norco Q ImperialImperialImperialImperial HwyHwyHwyHwy SHORELINE El Segundo La Mirada VILLAGE Compton Norwalk Yorba Linda Fullerton Placentia Cerritos Corona Torrance Buena Park Anaheim Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Lakewood Blvd Carson LONG BEACH AIRPORT Cypress Beach BlvdBeach BlvdBeach BlvdBeach BlvdBeach BlvdBeach BlvdBeach Blvd BlvdBeach BlvdBeach BlvdBeach BlvdBeach BlvdBeach Beach BlvdBeach Beach BlvdBeach BlvdBeach BlvdBeach BlvdBeach BlvdBeach BlvdBeach Blvd BlvdBeach BlvdBeach BlvdBeach BlvdBeach BlvdBeach Beach BlvdBeach Beach BlvdBeach BlvdBeach BlvdBeach BlvdBeach BlvdBeach BlvdBeach Blvd BlvdBeach BlvdBeach BlvdBeach BlvdBeach BlvdBeach Beach BlvdBeach Beach BlvdBeach BlvdBeach BlvdBeach BlvdBeach BlvdBeach Blvd BlvdBeach BlvdBeach BlvdBeach BlvdBeach Beach BlvdBeach Beach BlvdBeach BlvdBeach BlvdBeach BlvdBeach BlvdBeach BlvdBeach Blvd BlvdBeach BlvdBeach BlvdBeach BlvdBeach BlvdBeach Beach BlvdBeach Beach BlvdBeach BlvdBeach BlvdBeach BlvdBeach BlvdBeach BlvdBeach Blvd BlvdBeach BlvdBeach BlvdBeach BlvdBeach BlvdBeach Beach BlvdBeach Beach BlvdBeach BlvdBeach BlvdBeach BlvdBeach BlvdBeach BlvdBeach Blvd BlvdBeach BlvdBeach BlvdBeach BlvdBeach BlvdBeach Beach BlvdBeach San Pedro Bay Beach Blvd Orange Queensway Bay Garden Grove Long Beach Westminster Santa Ana Huntington Beach PACIFIC OCEAN Irvine JOHN WAYNE AIRPORT Costa Mesa Lake Forest PacificPacific OceanOcean Pacific Ocean • Newport Beach 304240 Mission Viejo Aliso Viejo StStSt MaryMaryMary MedicalMedicalMedical CenterCenterCenter 401 east ocean boulevard / long beach 1 E 10th St DrakeDrake ParkPark E 7th St 401 E 6th St S h east ocean boulevard o CITY PLACE r e l Lo i n CBRE, Inc. as exclusive advisor is pleased to present the unique P Atl e sA ac L D e E ant ng Long Beach i if n v E 4th St l r opportunity to acquire or joint venture 401 E. Ocean Boulevard– a m i d cA eles A W Long e ic A s n ve v o Av Ri t A e “core” residential conversion opportunity consisting of an existing i v v m er e E 3rd St e Be a l ±134,773 square foot, 10-story office building and adjacent parking M A a ch agn PINE structure with development potential on ±42,375 square feet of land. SQUARE B E Broadway oli lv aA LincolnLincolnLincoln d Pi ve ParkParkPark ne E 1st St Located in Downtown Long Beach, California, the property offers Av W Ocean Blvd e developers and investors the unique opportunity to acquire or joint e v venture an exceptionally located, high-quality building that is ideal for A E Ocean Blvd y residential conversion, as well as the adjacent parking structure, which err VictoryVictoryVictory ParkParkPark h C could also be redeveloped into a residential building. 401 E. Ocean PalmPalmPalm BeachBeachBeach ParkParkParParkk THE PIKE AT Boulevard is only two blocks to the beautiful Pacific Ocean, and is RAINBOW HARBOR walking distance to numerous business, tourism and entertainment y RainbowRainbowRainbow LagoonLagoonLagoon ParkParkPark E Shoreline Dr a venues that encompass the core of Downtown Long Beach. W s ShorelineShorelineShoreline AquaticAquaticAquatic ParkParkPark n ShorelineShorelineShoreline AquaticAquaticAquatic ParkParkPark e e u In the event of a joint venture, owner will retain a minimum 50% stake Q SHORELINE VILLAGE along with joint decision making and signature rights. The property is also available on an outright 100% sale basis. San Pedro Bay Queensway Bay Offers are due Friday, February 24, 2017 at 5:00pm For more information visit www.401eOcean.com • 304240 2 401 east ocean boulevard / long beach investment highlights “MAIN AND MAIN LOCATION” WALKABILITY AND LIFESTYLE FAVORABLE IN-PLACE ZONING Situated on a prominent corner on E. Ocean 401 E. Ocean Boulevard is situated in an 401 E. Ocean Boulevard is located in PD- Boulevard and located at the epicenter of amenity rich location. The property is only 30 of the Downtown Plan. Residential and a vibrant 24-7 community, 401 E. Ocean two blocks from the beautiful Pacific Ocean, Mixed-Use redevelopment and conversion Boulevard is truly located at the focal point the 1st Street Metro Station, four blocks are allowed by-right. PD-30 has no density of the market. It’s easy access to the Metro, from Von’s Supermarket and sits among restrictions other than designating a minimum freeways, and major local arterials provides approximately 105 restaurants and bars in unit size of 600 square feet for residential, ideal routes of transportation to anywhere in Downtown Long Beach. Numerous shops however it also allows for units as small as the region for work or play. and destinations like The Aquarium of the 450 square feet for no more than 15% of the Pacific, The Pike at Rainbow Harbor, Pine total units in a project. PD-30 has an existing PERFECTLY POSITIONED IN THE HEART OF Avenue and 4th Street’s Retro Row