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Listed by Valerie Walla • Century 21 Masters
$ 2,200,000
Est. payment | /mo
$ 2,200,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID SC-24254186
Year Built 1995
Property Sub-Type Industrial
Source California Regional Multiple Listing Service (CRMLS)
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
Area Grvc - Grover Beach
Zoning Industrial (I)
Interior
Laundry None
Building
Lot Description Level, Level with Street, Paved, 0-1 Unit/Acre
Others
Virtual Tour https://youtu.be/JpTccT6ObzQ?feature=shared