Listed by McCarty Davis Commercial Real Estate
$3,150,000
Willow Road Industrial Building - Leased Investment
Details
APN 091195003
Property Type Industrial
Sub Type Warehouse
Square Footage 12,000
Net Rentable (SqFt) 12,000
Units 6
Cap Rate 8.10%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 9.90%
Price per SqFt $263
Broker Co-Op Yes
Year Built 1989
Buildings 1
Stories 1
Acreage 1.860
Zoning Industrial
Investment Type Net Lease
Sale Condition For sale by owner
Leased Investment for Sale
Marketing description
12,000 sf building on a 1.86 acre parcel. 100% occupied with a 8.8% current cap rate and a pro-forma cap rate of 9.1%. Zoning: Industrial (County of San Luis Obispo). Large lot size will allow for additional building space to be constructed. Currently 15% site coverage. Inquire for rent roll and more information.
Investment highlights
Building is 81% leased with 4 tenants and one vacancy
Total site is +/- 1.86 acres
Zoning: Industrial (County of San Luis Obispo)
Current Cap Rate: 8.8%
Pro-forma Cap Rate: 9.1%
Some tenants are cannabis related businesses
PRICE REDUCTION - Purchase price now: $ 3,150,000
Large lot size will allow for additional building space to be constructed. Currently 15% Site coverage
Inquire for rent roll and more information
Listing Contacts
Listed by McCarty Davis Commercial Real Estate
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