Greg Malik Real Estate
3566 S Higuera Street
San Luis Obispo, CA 93401

$6,000,000

Description

The Campanile Building Retail/Service Complex offers prospective investors an opportunity to acquire a 31,310 square foot multi-tenant retail/service complex located in San Luis Obispo, California. The property is located at 3566 South Higuera Street, along a major retail thoroughfare in San Luis Obispo. The property is leased to six local tenants and is 65% occupied. Upgrades to the building exteriors were recently completed, which have enhanced the appeal of this quality property. The property includes a showroom/retail presence, as well as a flex/warehouse or service commercial component in the rear of the site. It is located within one-half mile driving distance from the 101 Freeway, with approximately 143 feet of frontage on South Higuera Street, near the intersection of Granada Drive and South Higuera Street which has traffic counts of 17,000 cars per day. Proforma NOI: $380,738/Year

Details

MLS#SP17243885
StyleRetail
Sub-TypeResale
StatusActive
Days On Site417

Features

SQ Feet31,310
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:
$6,000,000
low | high
Med:
$405,000
100% of Average
SqFt:
31,310
low | high
Med:
1,047
100% of Average
$ / SqFt:
$192
low | high
Med:
$387
51.855300859599% of Average
On Site:
417
low | high
Med:
114
100% of Average
Nearby Listings (Within 1/4 mile)
Price: $0 - $0
SqFt: 23,000 - 39,000
Listing Updated: 12/15/2018
MLS Number: SP17243885
Listing Provided By:
Preston Thomas, SIOR  of  Rossetti Company
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