This second floor office suite is located in the rear building on Aerovista Place adjacent to the San Luis Obispo Regional Airport. The suite has six private offices, a large conference room with private deck, high ceiling open work area, private restrooms, kitchen, extensive windows, nice finishes, and ample on-site parking. Tenant pays separately metered utilities. This suite must be viewed to appreciate all its amenities.
This suite consists of both private offices and open space. Quiet location with ample on-site parking and great natural light.
SELLER FINANCING AVAILABLE – Excellent retail exposure on South Street with close freeway access. This versatile, clearspan building provides many possibilities for an owner-user or investor in a central location.
Modern flex commercial space with office/warehouse and fenced yard with a storefront and rear roll-up doors. The facility is in immaculate condition.
Two private offices, a conference room, a kitchenette, and an open work space. There is a large shared conference room directly across the hall.
This flex industrial building is currently configured as office but can be converted to warehouse space with roll-up doors.
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.
A warehouse with a 28 foot clear height at the apex, two mezzanines, a 660 square foot office, a 14 foot roll-up door, and a secure, fenced 2,700 square foot yard.
Unique opportunity to capture an existing drug anchor location with 30+ years of strong sales. In addition, the shopping center recently completed a renovation ($6,000,000+) that positions this location as the prominent shopping center on the north end of San Luis Obispo, including close proximity of California Polytechnic Sate University (“Cal Poly”) with over 20,000 students and faculty. Highway 1 and 101 provide convenient access to all of San Luis Obispo.