Prime retail / office property in downtown San Luis Obispo on Marsh Street near Santa Rosa. In the heart of all the new retail, hotel, residential development. Ground floor is leased to a long-term tenant at $2,100 / month with annual increases through 2020. It's approximately 1,300 sq. ft. The upstairs space of 1,300 sq ft is under negotiations with a new tenant at an expected rent of $2,400 / month. The current owner completely re-built this property in 1985 including new plumbing, electrical, etc. See attached brochure for income details. Modified Gross leases where tenants pay utilities and fire sprinkler fees and owner pays property taxes and insurance.