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Listed by Valerie Walla • Century 21 Masters
$2,200,000
Est. payment /mo
14,854 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 14,854 sqft
Price per Sqft $148
MLS Listing ID CRSC24254186
HOA Y/N No
Year Built 1995
Lot Size 0.760 Acres
Property Sub-Type Comm Ind For Sale
Source Datashare California Regional
Property Description
Four industrial buildings totaling over 14,000 sqft located on a drive-thru lot with double frontage in an active industrial business area. Two smaller buildings are owner-occupied and will lease back. A third building is partially occupied on a month-to-month basis at $3,375 per month. The fourth building is approximately 5,000 sqft and fully leased on a three-year term at $6,050 per month. Features include 3-phase power and a flexible layout. Estimated CAP Rate is 5.5% with the potential for up to 7.6%. Excellent opportunity for investors or owner-users seeking both income and functionality in an established commercial corridor. ***Neighboring parcel at 978 Griffin is also available and offered at $500,000 with the concurrent sale of this property if additional space is needed.
Location
State CA
County San Luis Obispo
Interior
Heating Natural Gas
Fireplace No
Building
Water Public
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