Greg Malik Real Estate
8951 Highway 41
Atascadero, CA 93422

Description

FREE STANDING COMMERCIAL BUILDING ON A SIGNALIZED CORNER LOT. AMPLE PARKING WITH 18 ON SITE PARKING SPACES. APPROXIMATELY 3,000 SQ. FEET. GREAT LOCATION NEAR ATASCADERO LAKE PARK. SINGLE TENANT LEASE WITH 4 YEARS REMAINING ON LEASE WITH 3% ANNUAL INCREASE AND OPTION TO RENEW FOR AN ADDITIONAL 5 YEARS. FINANCIALS AVAILABLE. 5.8 CAP RATE ON EXISTING RENT. TRUE NNN LEASE / 5.8 CAP RATE OVER 4 YEAR TERM.

Details

MLS#NS18196350
StyleIQWeb_Other Business Opportunity
Sub-TypeResale
StatusActive
Year1988
Days On Site43

Features

SQ Feet2,990
Story(s)1
Units5

Market Activity 93422

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Area Information

StateCA
CountySan Luis Obispo
CityAtascadero
Zip Code93422
AreaATSC - Atascadero
Listing VS Median (in 93422)
Price:
$950,000
low | high
Med:
$462,000
100% of Average
SqFt:
2,990
low | high
Med:
700
100% of Average
$ / SqFt:
$318
low | high
Med:
$166
97.693841465709% of Average
On Site:
43
low | high
Med:
102
42.156862745098% of Average
Listing Updated: 09/24/2018
MLS Number: NS18196350
Listing Provided By:
Richard Shannon  of  Century 21 Hometown Realty Atascadero
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