O F F E R I N G M E M O R A N D U M718 W ANAHEIM STREET, LONG BEACH, CA

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included for the purpose of providing tenant lessee information about this listing to prospective customers.

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the purpose of providing tenant lessee information about this listing to prospective customers.

SPECIAL COVID-19 NOTICE

All potential buyers are strongly advised to take advantage of their opportunities and obligations to conduct thorough due diligence and seek expert opinions as they may deem necessary, especially given the unpredictable changes resulting f rom the continuing COVID-19 pandemic. Marcus & Millichap has not been retained to perform, and cannot conduct, due diligence on behalf of any prospective purchaser. Marcus & Millichap’s principal expertise is in marketing investment properties and acting as intermediaries between buyers and sellers. Marcus & Millichap and its investment professionals cannot and will not act as lawyers, accountants, contractors, or engineers. All potential buyers are admonished and advised to engage other professionals on legal issues, tax, regulatory, f inancial, and accounting matters, and for questions involving the property’s physical condition or f inancial outlook. Projections and pro forma f inancial statements are not guarantees and, given the potential volatility created by COVID-19, all potential buyers should be comfortable with and rely

solely on their own projections, analyses, and decision-making.

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TABLE OF CONTENTS

SECTION 01Investment Overview // Pg. 6

SECTION 02Market Comparables // Pg. 20

SECTION 03Market Overview // Pg. 26

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S E C T I O N O N EINVESTMENT OVERVIEW

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INVESTMENT OVERVIEWMarcus and Millichap REIS is pleased to present a 718 West Anaheim Street in the City of Long Beach, California located on the Southwest corner of West Anaheim Street and Oregon Avenue.

The property is zoned (LBIG) and located near the Ports of Long Beach and Los Angeles as well as the Interstate (710), (105) and (405) Freeways.

The subject property is an approximately 11,900 square foot highly visible light industrial building located on approximately 17,214 square feet of land area. Currently, the f ront portion of the property is utilized as creative off ice space totaling approximately 4,141 square feet of area including a mezzanine area of approximately 1,264 square feet. The rear portion of the building is currently used as warehouse and storage facilities containing approximately 7,759 square feet including approximately 2,619 square feet of mezzanine area.

The Building was built in 1948 and has a storied past as the original headquarters of West Coast Choppers and the f ilming location of Monster Garage.

This offering is an excellent redevelopment opportunity as a mixed-use project with possible applications including retail, showroom, gallery, restaurants or a brewery/distillery. Alternatively, the subject property would be a great Off ice/Industrial/Warehouse - Owner/User Opportunity.

PROPERTY HIGHLIGHTSExcellent Redevelopment and/or Owner/User Opportunity

Located in the California Opportunity Zone

Highly Visible Signalized Intersection

Excellent Street Frontage on West Anaheim Street and Oregon Street

Port-Adjacent and Easy Access to Interstate Freeways

Vehicular Traff ic: + 32,000 per day

ACT I V E S L I D E S H OW & V I R T UA L TO U RCLICK HERE TO VIEW

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Interior Photos of Property

Creative Open Off ice Space

Ground Level and Mezzanine Warehouse Area Mezzanine Warehouse Area

Executive Off ice

Ground Level Warehouse Area

Executive Conference Room

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Selling Price $3,000,0000

Price Per Square Foot $252.00

APN# 7271-005004

Building Square Footage 11,900 +/- SF

Land Area 17,214 +/- SF

Maximum Exposed Ceiling Height 17 +/- Feet

Parking Spaces including Enclosed/Secured Yard Area: 15 +/- Spaces

Electrical Power 400 AMP 3 Phase

Additional DetailsCreative Office Space: +/- 4,141 SF

Industrial Warehouse/Storage Space: 7,759 SFHydraulic Lift to Second Level Warehouse Mezzanine Area

PROPERTY DETAILS PROPERTY OUTLINE

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SITE PLAN SITE PLAN

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POTENTIAL FLOOR PLAN POTENTIAL UNITS

Unit Number Square Footage

1Ground

MezzanineTotal

2,877 SF1,264 SF4,141 SF

2Ground

MezzanineTotal

1,396 SF538 SF

1,934 SF

3 GroundTotal

1,382 SF1,382 SF

4Ground

MezzanineTotal

1,438 SF817 SF

2,255 SF

5 GroundTotal

2,188 SF2,188 SF

Total 11,900 SF

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POTENTIAL RENOVATION ELEVATIONS POTENTIAL RENOVATION ELEVATIONS

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S E C T I O N T W OMARKET COMPARABLES

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SALES COMPARABLES

718 W Anaheim Street

1300 - 1310 Long Beach Blvd

1810 E Anaheim Street

444 E Anaheim Street

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123

SALES COMPARABLES

Property Sales Price

Close of Escrow

Price PSF

Year Built

718 W Anaheim Street, Long Beach, CA 90813 $3,000,000 TBD $252.10 1948

1300 - 1310 Long Beach Blvd, Long Beach, CA 90813 $1,890,000 5/24/2019 $252.00 1926

1810 E Anaheim Street, Long Beach, CA 90813 $1,500,000 -- $297.03 1931

444 E Anaheim Street, Long Beach, CA 90813 $2,594,000 On-Market $225.00 1938

Average $1,994,667 -- $258.00 --

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SALES COMPARABLES

718 W Anaheim Street | Long Beach, CA 90813

Offering Price $3,000,000

Price per SF $252.10

Year Built 1948

1300 - 1310 Long Beach Blvd | Long Beach, CA 90813

Sold Price $1,890,000

Price per SF $252.00

Year Built 1926

Close of Escrow 5/24/2019

1 2

SALES COMPARABLES

3

1300 - 1310 Long Beach Blvd | Long Beach, CA 90813

Sold Price $1,500,000

Price per SF $297.03

Year Built 1931

Close of Escrow --

444 E Anaheim Street | Long Beach, CA 90813

Sold Price $2,594,000

Price per SF $225.00

Year Built 1938

Close of Escrow On-Market

A former Tire Store redevelopment into a multi-Tenant Retail Pad Building. Highly Visible Signalized Intersection. Currently Vacant.

A vacant restaurant building. A former Automotive Repair Shop.N o t e s N o t e s N o t e s

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S E C T I O N T H R E EMARKET OVERVIEW

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D O W N T O W N L O N G B E A C H A R E AHistorically known for its status as the preeminent harbor city on the West Coast, Long Beach continues to gain notoriety as an exciting and vibrant waterf ront destination. Long Beach is centrally located between Los Angeles and Orange County, making it an ideal location for residents to access both markets, and the city is connected to the region via multiple modes of transportation, including the Metro Blue Line connecting Long Beach to Downtown Los Angeles as well as Southern California’s vast f reeway network. The seventh largest city in California with a population of over 490,000, Long Beach is home to a diverse and growing labor pool and offers the amenities of a large city within a clean and safe beachf ront community. Long Beach’s world-class port, prestigious university, unique business market, and unmatched local attractions have made it one of Southern California’s most desirable and versatile markets.

D E S I R A B L E C O A S T A L C O M M U N I T YLong Beach offers high quality of life attributes that attract recent college graduates, young couples, affluent professionals, and corporate executives seeking coastal living proximate to leading corporate concentrations. The city’s population has increased 4% since 2010, and it is projected to increase an additional 3.4% in the next f ive years. Individuals and families seeking a dynamic urban environment are increasingly choosing downtown Long Beach. Downtown Long Beach offers abundant resident-serving amenities and services; is one of the most walkable and bike-f riendly neighborhoods in Southern California; enjoys convenient public transit (downtown Long Beach is the southern terminus for the Metro Blue Line light rail corridor connection to downtown Los Angeles) and f reeway accessibility; and offers easy beach access.

Market Overview

65kInternational City Bank Marathon

180kLong Beach Grand Prix

4.3MSF of Total Office Inventory

37kTotal Number of Students in Area

10kWorkers in Area - Average Age of 37

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T H E P O R T O F L O N G B E A C H

The Port of Long Beach, also known as the Harbor Department of the City of Long Beach, is the second-busiest container port in the United States, after the Port of Los Angeles, which it adjoins. Acting as a major gateway for US–Asian trade, the port occupies 3,200 acres of land with 25 miles of waterf ront in the city of Long Beach, California. The Port of Long Beach is located less than two miles southwest of Downtown Long Beach and approximately 25 miles south of Downtown Los Angeles. The seaport generates approximately US$100 billion in trade and employs more than 316,000 people in

Southern California.

SECOND BUSIEST PORT IN THE UNITED STATES

Each year the port handles over 6.8 million 20-foot container units (TEUs).

1.4 million jobs throughout the U.S. are related to trade generated by the Port of Long Beach.

The top imports are crude oil, electronics, plastics, furniture and clothing.

The Port of Long Beach provides about 370,000 jobs and generates close to $5.6 billion a year in state and local tax revenues.

The port has 80 available berths and 10 piers.

T H E P O R T O F L O N G B E A C H F A C T S & S T A T S

The Port Los Angeles & The Port of Long Beach Combine to Make the

Port in the United States

BUSIEST

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L O S A N G E L E S M E T R O A R E A

Moderate increase in vacancy is unconcerning as solid demand drivers persist. Entering this year, industrial vacancy sat at 2.1 percent in Los Angeles County, the lowest rate among major U.S. metros. While net absorption has softened slightly during the f irst three quarters of 2019, the result of limited available space, the presence of the nation’s largest manufacturing sector and busiest ports of entry maintains overall demand for industrial product, holding vacancy below 3 percent in most submarkets this past third quarter. Expanding third-party logistics companies and manufacturing f irms establishing a local presence are partially to credit as these groups accounted for the largest leases so far this year. Solid demand stemming f rom company growth coupled with a subdued volume of supply additions this year will ensure that industrial fundamentals remain strong in the metro moving forward. Of the 3.7 million square feet slated for completion this year, two-thirds are located in either the San Gabriel Valley or South Bay, locales where speculative space should be absorbed in a relatively short time f rame.

Assets priced below the metro’s average receive robust investor interest. Tight conditions throughout the metro are elevating rents and maintaining investor demand, supporting a double-digit increase in asset values over the past 12 months. Amid the spike in pricing, deal flow remains distributed throughout the county. Central Los Angeles and the eastern San Fernando Valley registered the largest number of recent closings, primarily Class C warehouses and manufacturing trades at average price points. While these locales are epicenters of transaction activity, submarkets where asset values routinely fall below $200 per square foot are highly targeted by investors. In Commerce, high-3 to 4 percent cap rates are obtainable for older warehouses, while a mix of Class B and C manufacturing facilities are closing in nearby Santa Fe Springs. Out-of-state capital has been recently active in Carson/Rancho Dominguez acquiring Class B warehouses at a mid-4 percent average return.

Available Space Remains Scarce, Generating Stout Investor Demand for Assets Within Industrial Hubs

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L O N G B E A C H A B U R G E O N I N G C O R E M A R K E T

Long Beach’s central location and proximity to a diverse labor pool have made the city a logical choice for many California and international businesses. The city is anchored by two world-class ports and a modernized airport, and offers numerous amenities and a well-developed inf rastructure including quality off ice and commercial space, public transit options, and f reeway accessibility. Downtown Long Beach acts as the city’s economic and cultural center and is home to over 1,700 businesses, employing approximately 44,000 people. The city’s economy is well diversif ied, with no single employment

sector accounting for a majority of the regional workforce.

Major Employers Include:

STRONG UNDERLYING FUNDAMENTALS WILL DRIVE OPERATIONS & GROWTH

The City of Long Beach The California State University BRAGG Companies Apparel EPSON

MemorialCare Health System BOEING Verizon Molina HealthCare

Over $2BInvested in real

estate transactions & new development projects since 2013

Port of Long BeachOne of the largest ports in the world

2,000Residential units

built within the last 10 years

344k SFof retail &

entertainmentspace

Over 100Restaurants in

DTLB

$6.5MInvested into the

Pine Avenue ref resh project

1.3M SFOf ground retail

space

$114KDTLB has many wealthy workers

who earn an average income of $114k

Downtown Long Beach is home to the highest employment densities in the city, with over

40,000 jobs.

By the numbers:

1,700 Businesses Operating in DTLB

154 Net New Businesses in 2016

17% Population Growth Since 2010

D O W N T O W N E C O N O M I CD E V E L O P M E N T

D O W N T O W N P L A NApproved in January 2012, the Downtown Plan is the updated plan for land use, zoning, and planned development districts in Downtown Long Beach and serves as the land use and design guideline for all future development in the project area. The plan reduces procedural obstacles for development and focuses on growth and organic expansion. Full implementation of the Downtown Plan could increase the density and existing downtown land uses over a 25-year time period by

allowing up to:

1.5 million square feet of new off ice, civic, cultural, and similar uses

384,000 square feet of new retail

96,000 square feet of restaurants

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RECENTLY COMPLETED DTLB MAJOR MULTI-FAMILY DEVELOPMENT PROJECTS

Seven Story +/- 49,000 sq. ft. Mixed-Use Project

49 Luxury Apartments with ground level retail/restaurant space

Completed 4th Quarter; 2019

THE LINDEN | 434 E 4TH STREET

Seven-story, mixed-use project

136 condominiums w/pedestrian-oriented retail/restaurant space

Completed July; 2020

THE ALAMITOS | 101 ALAMITOS AVENUE

Three Story Residential Townhome Project

40 Luxury Townhomes ranging from 1,242-1,867 sq. ft. over garages

Completed Spring; 2019

HUXTON | 227 ELM AVENUE

Five Story +/- 182,000 sq. ft. Multi-Family Project

102 Luxury Apartments

Completed 1st Quarter; 2020

THE CREST | 207 SEASIDE WAY

Seven Story +/- 160,000 sq. ft. Multi-Family Project

216 Luxury Apartments

Completed Summer Quarter; 2019

OCEAN AIRE | 150 W OCEAN BLVD

Seven Story +/- 170,000 sq. ft. Mixed-Use Project

163 Luxury Apartments with ground level retail/restaurant space

Completed 2nd Quarter; 2020

THE PACIFIC | 230 W 3RD STREET

Five Story +/- 64,000 sq. ft. Mixed-Use Project

216 Luxury Apartments with ground level retail/restaurant space

Completed 2nd Quarter; 2020

442 RESIDENCES | 442 W OCEAN BLVD

Seven Story 250,000 sq. ft. Mixed-Use Project

222 Luxury Apartments with ground level retail/restaurant space

Completed Summer; 2019

AMLI PARK BROADWAY | 245 W BROADWAY

ACTIVE, APPROVED & PROPOSED MULTI-FAMILY DEVELOPMENT PROJECTS

New five-story, mixed-use development

82 residential units above 4,091 square feet of commercial space

135 LINDEN AVENUE

New seven-story, multi- family development

77-unit market rate apartment complex

320 ALAMITOS AVENUE

Proposed two-building, mixed-use project, including a 23-story tower and seven-story

mid-rise

400 residential units, including 14 affordable units, w/ creative open space & retail space

BROADWAY BLOCK | 200-256 LONG BEACH BLVD

Proposed eight-story, mixed-used development

218 residential units

10,000 square feet of retail space

THE ASTER | 125 LONG BEACH BLVD

Approved 35-story, 315-residential units

Retail/restaurant space on the ground level

Groundbreaking late 2018

SHORELINE GATEWAY | 777 E OCEAN BLVD

Proposed mixed-used development

172 residential units

10,000 square feet of retail space

INKWELL | 127-135 BROADWAY

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FUTURE DTLB MAJOR COMMERCIAL DEVELOPMENT PROJECTS

Proposed 30-Story Hotel w/ 429 Rooms

50,000-Square Feet of Banquet, Retail & Restaurant Space

100 E OCEAN BOULEVARD

Proposed Mixed-Use in Six Buildings of Varying Heights From Six-Stories to 40-Stories w/694

Residential Units

77-unit market rate apartment complex

WORLD TRADE CENTER | 600 W BROADWAY

Proposed Mixed-Use, High Rise Development

23-Story Tower, 366 Residential Units w/ Retail & Commercial Space

Former Successor Agency-Owned Property

3RD & PACIFIC | 131 W 3RD STREET

65 Acres of Waterfront Land Surrounding the Iconic Queen Mary

$250 Million Entertainment Destination & Tourist Attraction

2,400-Foot Long Boardwalk w/ Cafes, Bars & Eclectic Retail Shops

200-Room Hotel & a Grand Outdoor Amphitheater

QUEEN MARY ISLAND | 1126 QUEENS HWY

Proposed eight-story, mixed-used development

218 residential units

10,000 square feet of retail space

LONG BEACH CIVIC CENTER | 411-415 W OCEAN BLVD

D E M O G R A P H I CS N A P S H O T

Population

1 Mile 3 Miles 5 Miles

2024 Projection      

Total Population 53,002 252,458 469,497

2019 Estimate      

Total Population 52,113 248,367 461,471

2010 Census      

Total Population 50,033 238,429 444,171

2000 Census      

Total Population 52,146 238,429 440,874

Current Daytime Population      

2019 Estimate 42,778 218,887 418,361

Population Profile

1 Mile 3 Miles 5 Miles

Population By Age

2019 Estimate Total Population 52,113 248,367 461,471

Under 20 30.90% 26.47% 25.67%

20 to 34 Years 26.78% 26.91% 25.48%

35 to 39 Years 7.77% 7.54% 7.21%

40 to 49 Years 13.30% 13.54% 13.46%

50 to 64 Years 14.26% 16.35% 17.30%

Age 65+ 7.00% 9.21% 10.87%

Median Age 30.76 33.05 34.27

Households

1 Mile 3 Miles 5 Miles

2024 Projection      

Total Population 17,450 88,727 164,586

2019 Estimate      

Total Population 17,034 86,645 161,041

Average Household Size 2.99 2.81 2.81

2010 Census      

Total Population 16,097 81,699 152,577

2000 Census      

Total Households 16,057 80,095 150,153

Households by Income

1 Mile 3 Miles 5 Miles

2019 Estimate    

$200,000 or More 1.95% 3.28% 5.86%

$150,000 - $199,000 2.38% 4.00% 5.58%

$100,000 - $149,000 7.31% 11.00% 13.52%

$75,000 - $99,999 9.03% 12.18% 13.05%

$50,000 - $74,999 17.93% 18.91% 18.00%

$35,000 - $49,999 15.14% 13.61% 12.60%

$25,000 - $34,999 12.86% 10.93% 9.24%

$15,000 - $24,999 15.35% 12.17% 10.27%

Under $15,000 18.04% 13.92% 11.88%

Average Household Income $54,242 $68,531 $83,789

Median Household Income $38,637 $49,317 $57,688

Per Capita Income $18,192 $24,241 $29,574

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7 1 8 W A N A H E I M S T R E E T

EXCLUSIVELY LISTED BY

KEVIN J. KINGSenior Managing Director Investments

Long Beach Off iceTel: (562) 257 - 1246

Kevin.King@MarcusMillichap.comLicense: CA 01158184

MARTIN PORTERDirector National Retail Group

Long Beach Off iceTel: (562) 257 - 1233

Martin.Porter@MarcusMillichap.comLicense: CA 00861399