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Multi-Tenant Investment – 550 W. Betteravia Rd., Santa Maria

McCarty Davis is pleased to offer the opportunity to purchase 550 E. Betteravia Rd. in Santa Maria which consists of four highly visible commercial units. Situated within the “College Square Shopping Center”, this complex features major tenants such as Panera Bread, Jamba Juice, Starbucks, and more, all contributing to the heavy traffic the center draws. Located in close proximity to US 101 and Betteravia Rd. Intersection which allows customers ease of access.

For Sale

$2,995,500

Water Front Leased Investment – 1215 Embarcadero, Morro Bay, 93442

McCarty Davis is pleased to offer the opportunity to purchase the leasehold interest in 1215 Embarcadero in Morro Bay providing three individual income streams. Morro Bay Landing consists of a +/- 5,239 SF multi-tenant retail building as well as +/- 45,000 SF of water area directly behind the building. The leased water area contains approximately 25 boat slips. The property also contains two income producing kayak and SUP storage lockers.

For Sale

$6,750,000
Farroll Road Property View

+/- 10,318 Industrial Building for Sale: 650 Farroll Rd., Grover Beach, Ca 93433

McCarty Davis is pleased to offer the opportunity to purchase 650 Farroll Road in the heart of Grover Beach’s industrial zone. The building is +/- 10,318 sq. ft. on a +/- 17,372 sq. ft. lot. It is currently divided into 3 separate units but could easily demised, creating additional units. The property also includes a small, one bedroom one bath second story apartment.

For Sale

$2,950,000

Mixed Use Leased Investment – 2 Buildings +/- 19,352 sq. ft. – 200 & 230 Station Way, Arroyo Grande

McCarty Davis is pleased to offer the opportunity to purchase 200 & 230 Station Way in Arroyo Grande. Adjacent to the charming East Village and easy access to US 101 freeway. This versatile office/retail development caters to both owner/users and investors with its meticulously designed layout. Featuring two tastefully finished apartments, great for live-work arrangements, and inviting patio spaces, it offers a comfortable environment for a diverse tenant mix. Changes in the facade prove distinct identities to the main suites.

For Sale

$7,400,000

+/- 6,400 sq. ft. Industrial Leased Investment For Sale: 451 Leoni Dr., Grover Beach, CA 93433

McCarty Davis is pleased to offer the opportunity to purchase an industrial leased investment at 451 Leoni Dr. in the heart of Grover Beach’s industrial zone. The building totals +/- 6,400 SF. The space has two rollup doors, new parking lot, significant HVAC, and high ceilings. Building could be demised into two commercial units. 

For Sale

$1,950,000
Leased Investment For Sale

Leased Investment for Sale: 201 S. Miller Street, Santa Maria, CA

Town Center Tower. +/- 27,480 Sq. Ft. Centrally located in Santa Maria near city and county government offices public transportation and major shopping center. Zoned: SP Town Center. Ample Parking for Office and Medical. Sale Price: $4,375,000 . Estimated NOI: $286,560.

The Tower offers professional suites constructed with high quality materials. Each suite is soundproofed and has individual temperature controls and air conditioning, fire sprinklers, separately metered utilities, and dual glazed windows with blinds. 

Recently Reduced

$4,375,000

Mixed Use Asset for Sale: 3590 – 3592 Sacramento Drive, San Luis Obispo

Mixed use leased investment for sale in San Luis Obispo. Comprising two buildings on one parcel, 3590 – 3592 Sacramento, is a mixed-use project consisting of 14 apartments and 7 commercial units on a 63,162 sq. ft. parcel. The 14 apartments are all located in the rear, three story building at 3590 Sacramento Drive. The 7 commercial units are located on the first floor of 3590 Sacramento and in the front building at 3592 Sacramento. 60 reciprocal parking spaces.  Due Diligence material available upon request and qualification. Sale Price: $9,995,000.

For Sale

Sale Price: $9,995,000

2 Story Office / Medical Building for Sale: 1255 Las Tablas Road, Templeton, CA

Two story office building on the prominent corner of Las Tablas and Posada in the heart of the Templeton Medical District. +/- 10,000 Sq. Ft. Three separate suites all currently leased. Medical suite coming available soon. Parking spaces: 48, 4 of those are handicapped. Zoning: CR. Located 1/2 mile from Hwy 101. APN: 040-280-048. Sale Price: $3,200,000.

For Sale

Sale Price: $3,200,000
Leased 12,000 sf Industrial Building for Sale

Leased Investment for Sale: 2115 Willow Road, Arroyo Grande, CA

Overview: +/- 12,000 sq. ft. warehouse building for sale. 81% leased ( 4 tenants and 1 vacancy of +/- 2,275 sq. ft.). Total site is +/-1.86 acres. Zoning: Industrial. Located in the County of San Luis Obispo. Some tenants are Cannabis related. Sale Price: $3,350,000 ($280 sq. ft.). Current Cap Rate: 6.6%. Proforma Cap Rate 8.7%. Large lot size could allow for additional building space to be constructed. Current site coverage 15%. Water well on-site. Inquire for rent roll and more information.

For Sale

$ 3,350,000
Davidsons Furniture Building for Sale

+/- 9,465 Sq. Ft. Ground Floor Area for Sale: 669 Higuera Street, San Luis Obispo, CA

The Davidson’s Furniture building is offered for the first time on the market since 1930. Includes: +/- 9,465 sq. ft. of existing, single-story building, divided into three store fronts: Building A: +/- 4,340 sq. ft., plus mezzanine. Building B: +/- 2,200 sq. ft., plus mezzanine. Building C: +/- 2,925 sq. ft. Seismic retrofit work performed. Zoned: CC. Parcel includes additional land at the rear of the building and has alley access off Nipomo Street. This asset is situated in the epicenter of new growth for downtown San Luis Obispo.

For Sale

$5,250,000

Office Building for Sale: 1410 Marsh Street, San Luis Obispo, CA

Offering consists of a Craftsman Style office for Sale with +/- 1,294* sq. ft. Includes 4 offices and open work area. Handicap access ramp. Zoning: Office; allows residential. 4 on-site parking spaces. Sale price: $1,030,000. Rent roll and virtual tour available upon request. Short term lease in place. Adjacent property also for sale. Both 1410 and 1402 / 1406 Marsh may be purchased together at a reduced price.

For Sale

$1,030,000

Mixed-Use Property for Sale: 1402 & 1406 Marsh Street, San Luis Obispo, CA

Offering consists of a Craftsman style office building with +/- 1,096 sq. ft. Includes 3 offices, conference room and open work area. Second floor apartment includes +/- 1,479 sq. ft. space with 2 bedrooms and 2 bathrooms. Both office and apartment currently leased. Possibility to deliver office vacant. Zoning: Office, residential allowed. 5 on-site parking spaces. Sale price: $1,375,000. Rent roll and virtual tour available upon request. Adjacent property also for sale.

For Sale

Sale Price: $1,375,000
3591 Sacramento Property View

+/- 668 Sq. Ft. Office Suite For Sale: 3591 Sacramento St., Suite 120, San Luis Obispo, CA

Office suite for sale : +/- 668 useable square feet (including common areas). 2 private offices, each with their own entrance, plus a conference room between the two offices (or a third office space). Includes: small break area with sink and refrigerator and 2 unreserved parking spaces. Tenant with one year lease in place. Sale price: $350,000.

For Sale

Sale Price: $350,000
Site

Office / Medical Building for Sale: 1545 Higuera Street, San Luis Obispo, CA

Office / Medical Building for Sale. Building includes: two suites totaling +/- 2,700 sq. ft. Downstairs: +/- 2,100 sq. ft. includes: open floor plan with therapy pool, one private office and a large open work area. Upstairs: +/- 600 sq. ft. with two offices and a reception area. Both suites share a break room (second floor) and bathrooms (first floor). Reciprocal parking and garbage with adjacent neighbor. Lot split recently completed. Downstairs suite available to occupy. Beautiful Creekside setting. Selling Price: $1,200,000.

SOLD

Selling Price: $1,200,000
Betteravia Kirk Property View

±29 Acres of Industrial Land with Buildings: 1811 Betteravia Road Santa Maria, CA

The subject property has a mix of new and older buildings all suitable for industry and agricultural applications. This asset is located in the Area 9 planning area and has 4 major valuation components: Open ground presently leased, a free standing Industrial building with paved secure yard, a former cooler/warehouse and a Ranch Office/Residence with large shed. Split zoning between M1 and HCM AG zoning. Current income, please call.  Total acreage +/- 29 acres. New reduced purchase price.

Sold

$5,450,000
Kraker Office Building in San Luis Obispo

+/- 16,212 Sq. Ft. Leased Investment for Sale: 641 Higuera Street, San Luis Obispo, CA

Downtown SLO Leased Investment for Sale. A +/- 16,212 sq. ft. office building consists of three floors, with retail on the first floor and office tenants on the second and third floors. 92% Occupancy. Located at the corner of Higuera and Nipomo Streets. Cap Rate: 5%. Rent Roll available upon request. Selling Price: $5,550,000.

Sold

$5,550,000
Premier Medical Suite for Sale

+/- 1,306 Sq. Ft of Premier Medical Suite for Sale: 821 E. Chapel Street, Suite 102, Santa Maria, CA

Premier Medical Suite for Sale: +/- 1,306 sq. ft. Includes: 4 exam rooms plus break room. Large reception area plus waiting area in common entry. Private doctors’ office. Nicely finished medical offices with ample parking. Less than 1 mile from Marian Hospital. Sale price: $395,000. Occupied through September 2023.

Closed

Sale price: $395,000

McCarty Davis Central Coast Economic Forecast 2023

In general, market sectors are seeing slight increases in vacancy.  In all market segments, there is absorption of smaller spaces, but larger spaces generally continue to languish on the market.  The office market is the most significant segment impacted by COVID and the shift of employees’ desire to work from home. Companies are struggling in this post-pandemic period to determine their office needs.  The Industrial sector in the North County has added a few buildings. Larger industrial spaces remain unabsorbed.  Retail has shown slight improvement overall in San Luis Obispo, with regional/national retailers back-filling space.  Housing sales have cooled but remain high-valued with little standing inventory.