3536 S Higuera Street
San Luis Obispo, CA 93401

$5,750,000

Description

Tenwise Park offers prospective investors an opportunity to acquire a fully leased, 25,454 SF multi-tenant retail/service complex located in San Luis Obispo, California. The property is located at 3536 and 3546 South Higuera Street, a major retail thoroughfare in San Luis Obispo. The buildings are of concrete block construction and are 100% leased to six local tenants. Upgrades to the building exteriors were recently completed, which have enhanced the appeal of this quality property. Tenwise Park benefits from stable cash flow and a strong tenant base in an ideal San Luis Obispo location. NOI: $309,981

Details

MLS#SP17166060
StyleRetail
Sub-TypeResale
StatusActive
Days On Site305

Features

SQ Feet25,454
Story(s)0

Market Activity 93401

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Area Information

StateCA
CountySan Luis Obispo
CitySan Luis Obispo
Zip Code93401
AreaSLO - San Luis Obispo
Listing VS Median (in 93401)
Price:
$5,750,000
low | high
Med:
$388,000
100% of Average
SqFt:
25,454
low | high
Med:
718
100% of Average
$ / SqFt:
$226
low | high
Med:
$136
89.887004965484% of Average
On Site:
305
low | high
Med:
56.5
100% of Average
Nearby Listings (Within 1/10 mile)
Price: $4.312M - $7.187M
SqFt: 19,000 - 31,500
Listing Updated: 05/20/2018
MLS Number: SP17166060
Listing Provided By:
Preston Thomas, SIOR  of  Rossetti Company
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