This exceptionally clean corner unit is available for occupancy. The open floor plan provides for great flexibility. There is custom kitchen cabinetry with stainless steel countertops as well as a storage mezzanine. Skylights provide ample natural light.
Two commercial buildings comprised of five suites.
285 Prado – Four suites totaling 4,134 SF
289 Prado – One 4,352 SF suite
Great Location! This two-story office with eight onsite parking spaces sits prominently at the corner of Broad and Chorro Streets. There is a ground floor 675 SF suite consisting of two private offices, reception, kitchenette, and restroom. The second floor is comprised of two suites totaling 1,875 SF. There is over 500 SF of covered patio space, which is not included in the square footage. This is an excellent opportunity for an owner-user or investor.
Well-located industrial warehouse with bright lighting, mezzanine storage, roll-up door, and plenty of built-in power. Ideal for a variety of uses, including light manufacturing, distribution, storage, or contractor operations. Tenant pays electric, telephone, and internet, Landlord pays water and trash.
Two private offices, one open work area, lots of mezzanine storage space, and parking in-common.
A suite with excellent parking in the Bishop Street Medical Complex. This suite is in very good condition and consists of a doctors office, exam rooms, and a reception area.
1304 Ella Street Units C and D are comprised of a fully leased and improved surgery center of 6,144 SF (Unit C) as well as a 1/3 LLC interest in a 1,000 SF administrative office (Unit D). Both suites are leased to the San Luis Obispo Surgery Center, a subsidiary of Sutter Heath. Both leases expire on August 31, 2030. The Surgery Center has been a long-term stable tenant, as both leases commenced on September 1, 2015.
The Suite C lease expires on August 31, 2030 and the current net income for the 6,144 SF suite is $18,619.66 per month NNN. There are 2% annual increases on September 1st of each year.
The Suite D lease expires on August 31, 2030 and the current net income for Suite C’s ownership interest is $792.98 NNN. There are 2.5% annual increases on September 1st of each year.
Based upon the current annual net income of $232,952 the cap rate at the asking price of $3,515,000 is 6.6%.
1304 Ella Street is located directly adjacent to the French Hospital Medical Center, San Luis Obispo County’s preeminent hospital.
Small freestanding building that overhangs the creek with great exposure and signage on Santa Rosa Street/Highway 1. The floor plan consists of four private offices, a conference room, large reception area and restroom.
This suite is currently configured as open space but can be modified to reflect the attached floor plan, which can provide for up to four exam rooms.
Approximately 300 square foot office with built-in desks, plus 800 square foot open area, tile floor, and good lighting. Ideal for small distributor, computer servicing, or other clean business.