311-321 North 2nd Street presents a compelling investor or owner-user opportunity in one of the most in-demand product types: small-bay industrial. The buildings feature freespan ceilings, flexible loading, and ample onsite parking in a convenient Lompoc location. Currently at 50% occupancy, the property offering flexible acquisition strategies. An investor can execute a straightforward lease-up to stabilize and position for a refinance or exit. An owner-user can occupy one or more units and offset costs with income from the leased portion. The asset can be acquired at a 5.27% in-place cap with a clear path to 7.10% stabilized, underpinned by Lompoc’s demand drivers including Vandenberg Space Force Base, regional agriculture, and a growing services sector. Sale Price: $2,495,000 Cap Rate: 5.27% in-place cap rate, 7.10% stabilized cap rate Building Size: 12,000 ± SF in 6 units Unit Mix: 2 x 2,800 ± SF, 4 x 1,600 ± SF Lot Size: 21,780 SF (0.50 acre) APN: 085-052-023 Zoning: I (Industrial) with SEO (Special Event Overlay) Occupancy: 50% Loading: 8 roll-ups, fenced rear loading / yard areas Parking: 16 onsite spaces To Show: Call listing agent