Greg Malik Real Estate

This is a hard-working, concrete, tilt-up industrial building that houses a tenant with some creative prowess! Located next to one of Atascadero's best places to grab a cup of joe, this property provides a monthly income of $3,500.00 which is about to go up to $3,605.00 in November and will continue to increase annually by 3% through October 31, 2022. This workhorse has lots of 3-phase power, multiple gas, water, and electric meters, ample parking, outside storage, and a happy-go-lucky tenant who creates and sells their work globally. When told that the heirs have decided to sell the Property the tenant seemed relieved to have a lease in place with a couple of three-year options to secure their future. After all, they have invested a pretty penny of their own hard-earned cash into the Property to allow them to work their magic there for the foreseeable future. This is not a huge return on your hard-earned cash, but it is a solid one--just like the building

  • MLS# NS18224224
  • Style Industrial
  • Sub-Type Resale
  • Status Active
  • Days On Site 5
SQ Feet 3,200
Story(s) 0
Listing Provided By:
Corban Holland  of  Pacifica Commercial Realty
 
 
 
 
 
 
 
 
 
 
 
 
 
 
this listing $650,000
36.84%
$475,000 in 93422
this listing 3,200 SqFt
122.22%
1,440 SqFt in 93422
this listing $203 $/SqFt
38.42%
$330 $/SqFt in 93422
this listing 5 on site
95.93%
123 on site in 93422

Location

State CA
County San Luis Obispo
City Atascadero
Zip Code 93422
Area ATSC - Atascadero

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