TOWER

AIRPORTPLAZA

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4801 Airport Plaza Drive Long Beach | CA

JULY 2019

OWNER/USER OPPORTUNITY FOR SALE OR LEASEA 176,860-square-foot, 8-Story, Class A Office Tower

AVAILABLE SQUARE FEET 21,316 to 176,860 SF Gross Building Area

SALE PRICE Submit

LEASE RATE TBD

OFFERING TERMS

PACIFIC OCEAN

176,860 SFTOTAL GROSS BUILDING AREA

8FLOORS

STEEL-FRAMECONSTRUCTION

1987/2015YEAR BUILT/RENOVATED

.44 ACRESLAND AREA

4.06/1,000 SFPARKING RATIO5/1,000 SF with 25% oversell program

HIGHLIGHTSPRIME HEADQUARTERS PURCHASE OPPORTUNITY

Rare opportunity for an owner/user or Tenant to acquire/lease an office building in a strategic location between Los Angeles County and Orange County. The asset’s access to Southern California’s gateway to international commerce—the Ports of Long Beach and Los Angeles—make Long Beach one of the leading business locations in the West.

CLASS A OFFICE TOWER WITH TENANT FLEXIBILTY

With approximately $19 million in recent improvements and upgrades, this eight-story, steel-frame office tower has provided critical headquarters functionality over the past eight years for the Port of Long Beach. It is also well-designed to accommodate flexible tenant demand with approximately 21,316-square-foot floor plates. The building features an unobstructed, 360-degree views from Long Beach to Downtown Los Angeles.

• Scarcity of large blocks of contiguous space

• Exceptional freeway and airport access with freeway visibility

• On-site Marriott Hotel

• Prominent Building Signage Available (can be seen from 405 Freeway, LB Airport and Major Interior Street)

• Unobstructed 360 degree views of LA/OC Basin

405

710

SAN DIEGO FREEWAY

LONG BEACH FREEWAY

Lakewood Boulevard

Airport Plaza Drive

Clark Ave

Spring Street

TOWER

AIRPORTPLAZA

N

CATALINA ISLAND

PORT OF LONG BEACH & LOS ANGELES

KILROY AIRPORT CENTER

MARRIOTT HOTEL

PALOS VERDES PENINSULA

DOWNTOWN LONG BEACH

AIRPORT PLAZA DR

E SPRING ST

CLARK AVE E 29TH ST

4801Airport Plaza Dr

NAP

4811

Airp

ort P

laza

Dr

(NA

P)

5000E Spring St

(NAP)

5 LevelParking Garage

2,582 Parking Spaces

AMENITIES MAP

TOWER

AIRPORTPLAZA

HIGHLIGHTS CONT.AREA URBAN ENVIRONMENT AMENITIES

Airport Plaza Tower benefits from its proximity to numerous area retail and restaurant amenities within a two-mile radius. The Long Beach Exchange (LBX), located at the southwest corner of Lakewood Boulevard and Carson Street with in the master-planned Douglas Park, features 266,000 square feet of new retail, eating and entertainment space on 26 acres, including The Hangar @ LBX which recalls the days when military and commercial aircraft were constructed on the site. The Hanger showcases a curated collection of local purveyors of art, food, design, fashion and other unique goods and services. Nearby hospitality amenities include the newly completed Hampton Inn/Homewood Suites by Hilton Hotels (241 rooms) and the Staybridge Suites (308 rooms), currently under construction.

AIRPORT PLAZA DR

E SPRING ST

CLARK AVE E 29TH ST

4801Airport Plaza Dr

NAP

4811

Airp

ort P

laza

Dr

(NA

P)5000

E Spring St(NAP)

5 LevelParking Garage

2,582 Parking Spaces

N

FLOOR PLANSFIRST FLOOR

SECOND THROUGH SEVENTH FLOOR

N

1ST FLOOR

200

2ND FLOOR

EIGHTH FLOOR

8TH FLOOR

AREA & MARKET OVERVIEWTHRIVING LONG BEACH ECONOMY

Since 1961, one of the City of Long Beach’s missions has been to enhance the quality of life within Long Beach by revitalizing neighborhoods, promoting economic development, creating jobs, providing affordable housing and encouraging citizen participation.

Over the past eight years, Long Beach experienced an urban renaissance, adding over one million square feet of retail and entertainment venues, and over 6,000 luxury apartment and condominium units. With several projects underway and in the pipeline, Long Beach’s remarkable evolution shows no signs of subsiding.

EXCEPTIONAL TOURIST DESTINATION

With its oceanfront location, sandy beaches and temperate climate, Long Beach has been a long-standing destination for tourists. Major investments, both private and public, have established Long Beach as a prime tourist destination in Southern California. The city has been historically known as the home of the Queen Mary, but other attractions include the expanded Long Beach Convention and Entertainment Center, Aquarium of the Pacific, and Catalina Express, one of three express terminals to Catalina Island. With over 5.5 million people currently visiting the City of Long Beach annually, tourism adds over $1.75 billion each year to Long Beach’s economy. This revenue can be traced directly to meetings, conventions, tour groups, tourists, and day visitor expenditures in the city. Over $400 million in meetings and convention business is held in Long Beach each year. Direct spending generated by these visitors is currently concentrated throughout the downtown core area (within five blocks of the Convention Center and hotels) and along the more defined retail/entertainment corridors. Over 1.9 million people go through the Convention Center annually for performing arts, special events, sports activities, trade shows and conventions. In 2003, Carnival Corporation christened the $40-million Long Beach Cruise Terminal by welcoming the 70,000-ton Ecstasy cruise ship. With the recent announcement of Carnival Cruise Lines adding a third ship to its local fleet, Long Beach is poised to become the busiest cruise terminal on the West Coast providing an economic impact of $65 million to the region.

LONG BEACH IS A CI T Y OF APPROXIMAT ELY 50 SQUARE MILES OF INCORPOR AT ED AREA WI T H A POPUL AT ION OF NEARLY HALF A MILLION AND R ANKS AS SOU T HERN CALIFORNIA’S T HIRD AND CALIFORNIA’S SE VEN T H L ARGES T CI T Y. WI T H T HE PACIF IC OCEAN AT I T S DOORS T EP, T HIS OCEANFRON T CI T Y IS S T R AT EGICALLY LOCAT ED BE T WEEN T HE CI T Y OF LOS ANGELES AND OR ANGE COUN T Y, AND ALLOWS COMPANIES IN LONG BEACH TO ACCES S BOT H T HE LOS ANGELES AND OR ANGE COUN T Y L ABOR POOL S AND CUS TOMER BASES. MORE T HAN 4.5 MILLION PEOPLE RESIDE WI T HIN A 30 -MINU T E DRIVE OF LONG BEACH. T HE COMBINAT ION OF A CEN T R AL LOCAT ION AND PROXIMI T Y TO A DIVERSE L ABOR POOL HAS ES TABLISHED LONG BEACH AS A PRIME LOCAT ION FOR COMPANIES SERV ING SOU T HERN CALIFORNIA AND T HE PACIF IC R IM.

TOWERPLAZA

AIRPORT

The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, warranty or representation, either express or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.

Corporate License #01355491

KEVIN SHANNONCo-Head, U.S. Capital Markets310.491.2005 kevin.shannon@ngkf.com CA RE Lic. #00836549

KEN WHITEExecutive Managing Director 310.491.2006 ken.white@ngkf.comCA RE Lic. #01788506

SCOTT SCHUMACHERSenior Managing Director310.491.2018scott.schumacher@ngkf.comCA RE Lic. #01078450

GEORGE THOMSONSenior Managing Director 949.608.2037george.thomson@ngkf.comCA RE Lic. #00947200

ERIC ADAMSSenior Managing Director 310.491.2012eadams@ngkf.comCA RE Lic. #01349859

TERRY REITZExecutive Managing Director310.491.2029treitz@ngkf.comCA RE Lic. #00457222

CAPITAL MARKETS EXPERTSLOCAL MARKET EXPERT

JULY 2019