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200 Pine Avenue

The Bascom Group LLC Leases Restaurant Space To Dirty Birds At 200 Pine Avenue Long Beach
LEASEDRetail

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:

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

Noel Aguirre

Lee & Associates

Broker

$2.7M

vol

2 deals

Broker

Jerry Fink

The Bascom Group

Landlord

$109.7M

vol

5 deals

Landlord
DB
Dirty BirdsTenant

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