Greg Malik Real Estate

Marketing Remarks: The Redwood Center, located in the heart of the East Village, allows the investor multiple opportunities. At its current 100% occupied status, the Cap Rate is 4.3%. And with its 28 EDUs, there is inherent potential for future development. Two long-term restaurants anchor the property. Eight other tenants occupy the rest of the retail spaces. There are five storage facilities as well. Two units front Main St, while the rest are adjacent to the 43 space parking lot. Please feel free to peruse the stores, but please do not converse with the restaurant/shop owners, employees or patrons. Average rent/square foot for restaurant/shop spaces is $1.44.

  • MLS# SC1052901
  • Style Industrial
  • Sub-Type Resale
  • Status Active
  • Year 0
  • Days On Site 554
SQ Feet 14,607
Story(s) 2
Units 15
Zoning COMRTL
Listing Provided By:
Bob Kasper  of  The Real Estate Company of Cam
 
 
 
 
 
 
 
 
 
 
 
 
 
 
this listing $2,750,000
1,000.00%
$250,000 in 93428
this listing 554 on site
33.49%
415 on site in 93428

Location

State CA
County San Luis Obispo
City Cambria
Zip Code 93428
Area CAMB - Cambria

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