Park Tower — Sale in Long Beach, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Long Beach, CA 90815

Description

Newmark Student Housing is presenting the unique opportunity to redevelop an existing 7-story office building located on 1.17 acres. The proposed development is a purpose-built student housing (PBSH) community comprising 123 units and 257 beds, located less than one mile from California State University, Long Beach (CSULB). Positioned at 5150 Pacific Coast Highway (PCH) at the intersection of PCH and Clark Avenue, the project is strategically designed to address the under supplied CSULB student housing market. By re-purposing the 1985-built structure into a premier student housing community, the project achieves a basis well below replacement cost in a market defined by extreme barriers to entry and a severe housing shortage.

Market Context

This commercial property in Long Beach, CA is listed for sale. It has been on the market for 54 days. Compare it against other commercial property listings for sale in Long Beach, CA — view the full market.

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