Greg Malik Real Estate
3160 El Camino Real
Atascadero, CA 93422

Description

This is a hard-working, concrete, tilt-up industrial building that houses a tenant with some creative prowess! Located next to one of Atascadero's best places to grab a cup of joe, this property provides a monthly income of $3,500.00 which is about to go up to $3,605.00 in November and will continue to increase annually by 3% through October 31, 2022. This workhorse has lots of 3-phase power, multiple gas, water, and electric meters, ample parking, outside storage, and a happy-go-lucky tenant who creates and sells their work globally. When told that the heirs have decided to sell the Property the tenant seemed relieved to have a lease in place with a couple of three-year options to secure their future. After all, they have invested a pretty penny of their own hard-earned cash into the Property to allow them to work their magic there for the foreseeable future. This is not a huge return on your hard-earned cash, but it is a solid one--just like the building

Details

MLS#NS18224224
StyleIndustrial
Sub-TypeResale
StatusActive
Days On Site12

Features

SQ Feet3,200
Story(s)0

Market Activity 93422

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Area Information

StateCA
CountySan Luis Obispo
CityAtascadero
Zip Code93422
AreaATSC - Atascadero
Listing VS Median (in 93422)
Price:
$650,000
low | high
Med:
$462,000
78.923076923077% of Average
SqFt:
3,200
low | high
Med:
700
100% of Average
$ / SqFt:
$203
low | high
Med:
$166
68.18331775444% of Average
On Site:
12
low | high
Med:
102
11.764705882353% of Average
Nearby Listings (Within 1/4 mile)
Price: $0 - $0
SqFt: 2,000 - 4,000
Listing Updated: 09/24/2018
MLS Number: NS18224224
Listing Provided By:
Corban Holland  of  Pacifica Commercial Realty
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