Greg Malik Real Estate
2086 Main Street
Cambria, CA 93428

$2,750,000

Description

Marketing Remarks: The Redwood Center, located in the heart of the East Village, allows the investor multiple opportunities. At its current 100% occupied status, the Cap Rate is 4.3%. And with its 28 EDUs, there is inherent potential for future development. Two long-term restaurants anchor the property. Eight other tenants occupy the rest of the retail spaces. There are five storage facilities as well. Two units front Main St, while the rest are adjacent to the 43 space parking lot. Please feel free to peruse the stores, but please do not converse with the restaurant/shop owners, employees or patrons. Average rent/square foot for restaurant/shop spaces is $1.44.

Details

MLS#SC1052901
StyleIndustrial
Sub-TypeResale
StatusActive
Year0
Days On Site553

Features

SQ Feet14,607
Story(s)2
Units15
ZoningCOMRTL

Market Activity 93428

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Area Information

StateCA
CountySan Luis Obispo
CityCambria
Zip Code93428
AreaCAMB - Cambria
Listing VS Median (in 93428)
Price:
$2,750,000
low | high
Med:
$272,500
100% of Average
SqFt:
14,607
low | high
Med:
0
100% of Average
$ / SqFt:
$188
low | high
Med:
$0
100% of Average
On Site:
553
low | high
Med:
483.5
100% of Average
Listing Updated: 09/20/2018
MLS Number: SC1052901
Listing Provided By:
Bob Kasper  of  The Real Estate Company of Cam
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