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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.

New Listing! For Sale

Sale Price: $9,995,000

For Sale: +/- 187,308 sq. ft. of PD-CM Zoned Land 777 S. Blosser Road, Santa Maria, CA

Industrial / Commercial Land for Sale. 2 Parcels, +/- 4.3 acres total +/- 47,045 sq. ft. parcel +/- 140,236 sq. ft. parcel. APNs: 117-191-021 & APN 117-191-022. SMVRR Rail Adjacent. PD-CM Zoned Land. City of Santa Maria, County of Santa Barbara. Remediation Underway. Sale Price: $1,873,080 ($10 Sq. Ft.).

New Listing! For Sale

Sale Price: $1,873,080 ($10 Sq. Ft.)

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

+/- 940 – 2,936 sq. ft. Medical Space for Lease: 2150 Main Street, Cambria, CA 93428

Two medical suites available for lease: +/- 2,936 sq. ft. recently remodeled offices in the Cambria Medical Building. Suite #100 is +/- 1,950 sq. ft. and Suite #110 is +/- 950 sq. ft. Suites share a common lobby and can be leased together or separately. Elevator served from parking lot. Lease rate: $2.50 sq. ft., NNN. Available immediately.

For Lease

Lease Rate: $2.50 sq. ft., NNN
Las Tablas First Floor Space

+/- 1,946 sq. ft. Office / Medical Space For Lease: 1255 Las Tablas Road, Templeton, CA  93465

First floor commercial space for lease +/- 1,946 sq. ft. Currently built out as restaurant. Owner will provide TI money to convert to medical / office space with a long-term lease. Located at the highly visible corner of Las Tablas and Posada. Close proximity to Twin Cities hospital and multiple medical facilities. Ample shared parking. Zoned commercial retail. Lease rate: $1.75 sq. ft. NNN, based upon a long-term lease.

For Lease

Lease rate: $1.75 sq. ft. NNN, based upon a long-term lease

+/- 10,708 sq. ft. Office Suite Available: 4472 Broad Street,San Luis Obispo, CA

Entire second floor is +/- 10,708 sq. ft. and is in shell condition and is ready for TI’s. Suites can range from +/- 1,500 sq. ft. and up. CS zoning allows most uses. Ample on-site parking. Across from the San Luis Obispo Airport. Access to fiber connection available throughout facility. Second floor is elevator served. Beautiful views of hills surrounding San Luis Obispo. Lease rate: $2.25 sq. ft., NNN. $50 sq. ft. tenant improvement allowance. *1st floor suite also available at +/- 1,800 sq. ft.

For Lease

Lease rate: $2.25 sq. ft., NNN
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.

Pending

Selling Price: $1,200,000
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.

New Listing! 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

+/- 3,779 Sq. Ft. Upstairs Medical Office: 1255 Las Tablas Road, Templeton, CA

+/- 3,779 sq. ft. of second floor medical office space for lease. Prime corner location in close proximity to Twin Cities Hospital, multiple medical facilities & residential housing developments. Total of 48 parking spaces; 4 are handicapped. Elevator served. APN: 040-280-048. Lease rate: $2.25 sq. ft., NNN ($.67). Available 3/1/2024.

For Lease

Lease rate $2.25 sq. ft., NNN ($.67)
Pismo Site

Prime Infill Lot for Sale: 350 Pismo Ave., Pismo Beach, CA

+/- 33,500 sq. ft. highly desirable lot for sale 2 blocks from the Ocean. Fantastic development opportunity in Downtown area of Pismo Beach. Split zoning: RR (Resort Residential) & C-1. Formerly used as a parking lot for the City of Pismo Beach. APN: 005-076-027. Call for more information.

For Sale

Sale Price: $4,500,000

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
Iron Horse Station in the Historic Railroad District

+/- 5,438 Sq. Ft. Office Space for Lease in Iron Horse Station in the Historic Railroad District: 1998 Santa Barbara Ave., San Luis Obispo, CA

Second floor office space for lease, +/-5,438 sq. sf.  Prominent Railroad District Location. 17 parking spaces, good visibility with an abundance of natural light. Includes pro-rated share of common area. Zoned CS. High speed fiber available. Some available furniture with the suite. Lease Rate: $1.75 sq. ft., NNN (Est. $0.42). This building received an Award of Recognition from the Obispo Beautiful Association for enhancing the visual attractiveness of the San Luis Obispo Community.

For Lease

Lease Rate: $1.75 sq. ft., NNN (Est. $0.42)
Guadalupe Property Ariel

For Sale: 20 Unit Single Family Development ~ Guadalupe, CA

The Snowy Plover parcels are the final and largest parcels offered in the established Point Sal Dunes subdivision. Includes proposed 20 single-family detached lots on approximately 4.87 acres with two parcels for multifamily. Located in Santa Barbara County, the property is in process of its Tentative Tract Map. Premium large lots available, ranging from +/- 8,000 to +/- 9,000 square feet. Call for more details.

For Sale

$3,680,000
Ariel Location of Development Site for Sale Morro Bay

+/- 1.60 Acres for Sale or Lease: Morro Bay City Core Hospitality Development Site

Seeking Buyer/Lessor to develop a hospitality property delivering tax generating benefits on City-owned property. The City is offering this property to a Lessor/Buyer with the intent they develop a hospitality project generating on-going TOT (Transient occupancy tax). The zoning allows for a wide range of tourist service uses; Zoned C-VS/PD/S.4 (existing restaurant and parking lot) and C-VS/PD/S.3/S.4 (upper parking lot). The project sits partially on the Embarcadero, the main tourist area in Morro Bay. The balance of the property rises up and sits on the bluff overlooking the Embarcadero and Morro Bay. Subject property is +/- 1.60 Acres. Call listing agent for showing instructions. Pre-approval required for touring property.

For Sale or Lease

$3,890,000 per most current appraisal, 2021
Ariel Stowell Property Santa Maria

± 4 to 6.14 Rare Acre Site for Sale: 1550 Stowell Road, Santa Maria, CA

± 4 to 6.14 acres available. Excellent Santa Maria location in the heart of the Agricultural Industrial Community. Subject site allows possible lot split. Rail availability nearby. Zoned CM (AG Overlay; West Stowell Specific Plan). Sale Price $9.00 per sq. ft. Price subject to change.

 

For Sale

$9.00 per sq. ft.
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.

Just Sold

$5,550,000
Ariel Location of Parcels for Sale in San Luis Obispo

2 Fully Improved Parcels Offered for Sale: 250 Tank Farm Road, San Luis Obispo, CA 93401

2 parcels sizes ranging from 1.22 to 1.84 acres with a total to 3.06 available acres. C-S zoning offers a wide variety of uses from: medical, professional office to light manufacturing. Parcels are improved with engineered soils. Redundant fiber optic connectivity available; abundant power; City services available. Lots can be purchased; ground leased or have a build to suit option. Call for pricing details.

Pending

Call for details
Creekside Property 4111 Building View

± 6,513 Sq. Ft. Office Space for Lease at Creekside Campus: 4111 Broad Street, Suite F, San Luis Obispo, CA

Suite F: +/- 6,513 sq. ft. of finished commercial office space for lease on second floor at Creekside Campus. Offers rare SCIF room (Sensitive Compartmented Information Facility). Fiber availability. Elevator served. Excellent location in the heart of San Luis Obispo’s business and tech core. Monument signage; large reciprocal parking. Lease rate: $1.70 sq. ft., NNN ($0.57).

Just Leased

Lease rate: $1.70 sq. ft., NNN ($0.57).
1255 Las Tablas Property View

+/- 3,747 sq. ft. Commercial Space for Lease: 1255 Las Tablas Road, Templeton, CA

+/- 3,747 sq. ft commercial space. Office space with 3 private offices, conference room, large work area, separate break room & private restrooms. Prime corner location in close proximity to Twin Cities Hospital; multiple medical facilities & residential housing developments. Currently configured as a former bank. Owner will provide a TI allowance towards remodeling the space with a long-term lease. Available: Now.

Just Leased!

$1.50 sq. ft., NNN

+/- 212.9 Gross Coastal Ranch Acres: 5 Parcels for Sale: Morro Bay, CA ~ Facing Pacific Ocean

Coastal Ranch for sale. 5 Parcels totaling +/- 212.9 gross acres in the County of San Luis Obispo and in the Annexation Sphere for the City of Morro Bay. Parcels will be sold together. Parcels will need to annexed for individual parcel development (refer to City and County Planning). Zoned AG. Click HERE for Panorama Drone Aerials.

Sold!

Purchase Price $2,500,000
Kraker Office Building in San Luis Obispo

+/- 1,419 sq. ft. of Office Space: 641 Higuera Street, Suite 220: San Luis Obispo, CA

Second floor office suite with +/- 1,419 sq. ft. gross leasable (+/- 1,107 sq. ft. useable) includes: three offices plus reception / open work area, common restrooms / break-room, elevator access. Excellent downtown location close to shops and restaurants. Rate: $1.55 sq. ft., NNN ($.50 sq. ft.), per month.

Leased

$1.55 sq. ft., NNN (~$.50 sq. ft.), per month
Kraker Office Building in San Luis Obispo

+/- 2,618 Gross Sq. Ft. Office: 641 Higuera Street, Suite 300, San Luis Obispo, CA

Excellent location offering a classic downtown San Luis Obispo office. Open office with lots of natural light and excellent views. Four offices, private kitchenette and corner open space plan. Access to open deck area. The +/- 2,618 sq. ft. suite includes +/- 654 sq. ft. of shared common area.

Leased

$1.55 sq. ft., NNN (~$0.50 NNN), per month
641 Higuera Property View Entrance

± 728 sq. ft. Office Space for Lease: 641 Higuera Street, Suite 202: San Luis Obispo, CA

Office Suite with +/- 728 sq. ft. gross leasable space located on the second floor of the Kraker Office Building. Two private offices and a reception area/waiting room. Elevator Served. Common Kitchen area and Bathrooms. Excellent downtown location. Rate: $1.55 sq. ft., NNN ($.50 sq. ft.) per month: includes water, power, common area, HVAC, excludes internal janitorial, phones and internet. 

Leased

$1.55 sq. ft, NNN ($.50 sq. ft.) per month

+/- 13.5 Gross Acres For Sale: Fair Oaks S Avenue, Arroyo Grande, CA

Agricultural zoned property for sale inside the City of Arroyo Grande, CA. Located in San Luis Obispo County. Adjacent to the creek. APN: 006-341-018 Purchase Price: $450,000. Call for more details.

Sold

Purchase Price: $450,000
Creekside Property 4111 Building View

+/- 2,275 Sq. Ft. Office Space for Lease at Creekside Campus: 4111 Broad Street, San Luis Obispo, Suite C, CA

+/- 2,275 sq. ft. of finished commercial office space for lease in Creekside Campus. 2 private offices, 2 conference / open work areas, reception area and shared restrooms. Fiber Availability. Monument signage; large reciprocal parking. Excellent location in the heart of San Luis Obispo’s business and tech core.

Leased

Lease rate: $1.70 sq. ft., NNN ($0.57)
80 Unit Approved Senior Project for Sale in Santa Maria

80 Unit Approved Senior Project: 502-524 E Barcellus Avenue, Santa Maria, CA

This property is both a key and unique development opportunity within the City of Santa Maria and the Central Coast region. This is a rare infill R3 Zoned amenity rich entitled project (PD 2016-0005) for Senior Apartments. 80 units in a mix of one and two bedrooms. The property is adjacent to medical services and walking distance to shopping centers. New reduced purchase price.

Closed

$2,400,000
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
View of Yard Space for Lease or Sale

+/- 18,731 sq. ft. of Yard Space for Lease: 955 South 4th Street, Grover Beach, CA

+/- 18,731 sq. ft. of level, fenced yard space for lease. Zoned Coastal Industrial and located in the approved Green Zone. Entrances of off Barca and 4th Street. Lamp post lighting. Close to Oceano Dunes Natural Preserve. Lease rate: $2,200 per month, Gross. Sale price option: $444,000.

 

Leased

$2,200 Per Month, Gross

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.