Office

604 & 650 Pine Ave.

604 & 650 Pine Ave Long Beach, California United States 90844-0001
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

Enter the "Deal room" for exclusive documents related to this property.

The Deal Room features confidential documents related to this property. To access the Deal Room, you will need to be logged in. If you don't have an account, please create one. More questions? Visit our FAQ.
I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2014
Building Area Gross
Rentable Area
Occupancy 100.0 %

Asset Description

Jones Lang LaSalle Americas Inc., as exclusive advisor, is pleased to present the extremely rare opportunity to acquire the fee simple interest in 604 & 650 Pine (the “Property”), a fully stabilized, single-tenant office investment opportunity totaling 208,501 rentable square feet. The Property is leased on a triple net (NNN) structure to Molina Healthcare (S&P: BB-) through 2029. The Property provides investors the opportunity to acquire a modern office asset in the heart of the coastal Downtown Long Beach market with strong credit tenancy. This opportunity is the only newly constructed office asset publicly owned in Long Beach since 2010.

Investment Highlights

  • Modern Institutional Quality Office Buildings​​​​​​​
  • 8 Years of High Quality Triple Net (NNN) Lease Term Remaining
  • Low Relocation Risk Due to Coastal Scarcity Premium & Molina Healthcare’s Information Technology Hub
  • Coastal Location Within Walking Distance to Numerous Retail & Housing Options
  • The Only Newly Constructed (Since 2010) Non-Government Owned Office Campus in the Coastal Downtown Long Beach Market
  • Secure Cash Flows Backed by Fortune 200 Credit (Market Capitalization of $16.1B+)
  • Offered Free of Existing Debt
Last Updated Date: 19 Oct 2021

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.
Last Updated Date: 19 Oct 2021

Do you have any questions?  Visit our FAQ page

View FAQ Page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.

Learn more