The Bascom Group LLC Leases Restaurant Space To Dirty Birds At 200 Pine Avenue Long Beach
200 Pine Avenue
Building Size
3,039 SF
Asset Type
Retail
Closing
Mar 19, 2026
AI
The property asset involved in this transaction is a 3,039-square-foot retail space located at 200 Pine Avenue in Long Beach, part of a six-story building that encompasses 66,104 square feet. The property was recently renovated in 2022 and features 123 parking stalls. An additional lower-level space of 4,923 square feet is available for nightclub use, contributing to the area's potential as an entertainment district.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 200 Pine Avenue
- Market: Long Beach
- Landlord: Paul Diamond, David Kim & Jerry Fink - The Bascom Group LLC
- Tenant: Dirty Birds
- Brokers: Noel Aguirre & Sean Lieppman - Lee & Associates
This transaction involved key individuals from The Bascom Group, LLC, who are the landlords of the leased property. The brokers representing the transaction were Noel Aguirre and Sean Lieppman from Lee & Associates, facilitating the lease agreement between the landlord and tenant.
Players
Long Beach Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93