1150 Palm St - Office FOR SALE


San Luis Obispo, CA 93401
$4,400,000 USD
805-439-8378
1150 Palm St, San Luis Obispo, CA for Sale
$4,400,000 USD
Office - FOR SALE
1/39
null | 6% Cap Rate

1150 Palm St
San Luis Obispo, CA 93401


HIGHLIGHTS

  • Located in desireable downtown San Luis Obispo
  • High fiber optics and security system
  • Staff kitchen and dining area, kitchenette upstairs as well as built-in refrigerator and sink in main conference room
  • Private shower and lockers for staff use
  • 29 parking spaces in private parking lot with two streets for ingress and egress
  • Beautiful renovations makes a great place for staff and visitors with lots of natural light and outdoor scenic views

OVERVIEW

This beautifully renovated office building located on large corner lot in downtown San Luis Obispo was originally constructed and later upgraded to suit the needs of its current long-term tenants. The property is fully leased under a secure triple net (NNN) lease, ensuring investors a stable and predictable income stream. Tenants are committed to remaining in possession, providing additional peace of mind for buyers seeking a turnkey investment. The building is owned by a partnership that includes both retired and current partners of the firm, who are also the tenants under the existing lease. Lease to remain in place. Please contact broker for further lease information.

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$450 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

21,037 SF

ZONING

O

APN/PARCEL ID

002-325-017

ASK ABOUT THIS PROPERTY

Natalie TartagliaTartaglia Real EstateMore Info
805-439-8378

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Natalie TartagliaTartaglia Real EstateMore Info
805-439-8378

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.