Documents
Enter the "Deal room" for exclusive documents related to this property.
Attributes
Year Built | 2014 |
Building Area Gross |
|
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
Similar Properties
View more
Office
4322 Wilshire
US - Los Angeles, CA
Office
2140 Cotner
US - Los Angeles, CA
Office
Boxcar Studios
US - Los Angeles, CA
Office
4405 Riverside
US - Burbank, CA
Office
Merrill Lynch Building - 7825 Fay Avenue
US - La Jolla, CA
Office
Sky Park Office Plaza
US - San Diego, CA
Office
1141 W San Carlos
US - San Jose, CA
Office
570 Willow
US - Menlo Park, CA
Office
Luhrs (Bldg, Tower & Parking)
US - Phoenix, AZ
Office
Camelback Center (2022)
US - Phoenix, AZ
Office
2900 Harbor Bay Parkway
US - Alameda, CA
Office
Walnut Creek Executive Center
US - Walnut Creek, CA
Office
1618 Franklin
US - Oakland, CA
Office
Nextiva Corporate HQ
US - Scottsdale, AZ
Office
925 L Street 2022
US - Sacramento, CA
Office
Geoscience Australia HQ
AU - Symonston
Office
DCB - M1 - 2020
FR - Lyon
Office
$190.8 Million Office Loan | Chicago, Illinois
US - Chicago, IL
Office
200 Park Place
US - Houston, TX
Office
Green Square South Tower
AU - Fortitude Valley
Office
ADCB - Al Maryah Tower, Abu Dhabi, UAE
AZ - Abu Dhabi
Office
One Tony Wilson Place, Manchester
UK - Manchester
Office
London House, 216 St Georges Terrace, Perth
AU - Perth
Office
Headquarters Building in Kuala Lumpur
MY - Kuala Lumpur
Office
285a Crown Street, Surry Hills
AU - Surry Hills
Office
388 Lonsdale Street
AU - Melbourne
Office
45 St Georges Terrace
AU - Perth
Office
Atlas Business Park, Manchester Airport
UK - Manchester
Office
Springleaf Tower L28 & 29
SG - Singapore