689 Tank Farm Road, San Luis Obispo, CA 93401 For Sale

🏢 For Sale | Fully Leased Office Investment – 689 Tank Farm Rd, Ste 230 & 240, San Luis Obispo, CA

An exceptional turnkey investment opportunity located at one of San Luis Obispo’s premier intersections — Broad Street and Tank Farm Road. This ±8,051 SF second-floor office property sits within the desirable Business Park Zone, offering investors secure income with long-term tenants in place.

Both suites are fully leased:

• Suite 230: ±5,561 SF featuring 8 private offices, a conference room, open workspace, and lobby area.

• Suite 240: ±2,490 SF of professional office space with expansive views and natural light.

The building is equipped with elevator access, common area restrooms, and ample parking, providing a professional and accessible environment for tenants. Its strategic location offers immediate proximity to Downtown SLO, Highway 101, and the SLO Airport.

Investment Highlights

• Sale Price: $2,550,000 ($316/SF)

• Cap Rate: 7.11%

• NOI: $181,197

• Occupancy: 100%

• Zoning: Business Park

• Type: Office Investment Property

Positioned in one of the Central Coast’s strongest office markets, this property provides stable cash flow, modern office amenities, and exceptional accessibility — the ideal addition to any investment portfolio.