671 W Tefft Street

    Nipomo, CA 93444
    • $6,500,000
    • STATUS: Active
    • ON SITE: 154 days
    • ID#: PI18090564
    $6,500,000
    • 0
      BEDS
    • 2.85
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 29,761
      SQFT
    • $218
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1995
    County:

    School Ratings & Info

    Description

    TEFFT CENTER, NIPOMO, CAMulti Tenant Mixed Use Center - Retail | Office | MedicalTeam Puhek, with RE/MAX Del Oro, is proud to present this opportunity to purchase the commercial center known as Tefft Center. Tefft Center contains retail, office and service spaces and a free standing office building leased by the County of San Luis Obispo. The Tefft Center commercial building is centrally located in Nipomo's trade district with national/international brand retailers including Starbucks, Vons, CVS Pharmacy, Taco Bell, Chevron, McDonald's, and Carl's Jr. Located just off HWY 101 and Tefft St, the center experiences excellent exposure and high traffic counts. The center is 93.9% occupied with many of the tenants having annual increases, renewal options and long term history on site. Pro Forma cap rate is 8% - based on rent as of July 1st and anticipated expenses for 2018. Specifically, the San Luis Obispo County Social Services Office has a very strong operating history at the site having been there for 18 years. Originally they were located in Unit 1 and 2 in the Front building (671 W. Tefft), the Rear Building (681 W. Tefft) was built to accommodate their growing needs. Plumbing has been completely replaced as of 2018.Approx. 180,000 in buildouts were spent by the county on rear building. New 5 year lease with one five (5) year option and annual CPI increases throughout base and option period. Fill out NDA for financial information.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-21T00:32:28.197. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.pismohomes.com/homes/82771877

    671 W Tefft Street Nipomo, CA 93444

    • Price: $6,500,000
    • Status: Active
    • ID#: PI18090564
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.85
    Acres
    29,761
    SQFT
    $218
    $/SQFT
    1995
    Built
    Neighborhood:
    NPMO - Nipomo
    County:
    San Luis Obispo
    Area:
    NPMO - Nipomo
    Property Description
    TEFFT CENTER, NIPOMO, CAMulti Tenant Mixed Use Center - Retail | Office | MedicalTeam Puhek, with RE/MAX Del Oro, is proud to present this opportunity to purchase the commercial center known as Tefft Center. Tefft Center contains retail, office and service spaces and a free standing office building leased by the County of San Luis Obispo. The Tefft Center commercial building is centrally located in Nipomo's trade district with national/international brand retailers including Starbucks, Vons, CVS Pharmacy, Taco Bell, Chevron, McDonald's, and Carl's Jr. Located just off HWY 101 and Tefft St, the center experiences excellent exposure and high traffic counts. The center is 93.9% occupied with many of the tenants having annual increases, renewal options and long term history on site. Pro Forma cap rate is 8% - based on rent as of July 1st and anticipated expenses for 2018. Specifically, the San Luis Obispo County Social Services Office has a very strong operating history at the site having been there for 18 years. Originally they were located in Unit 1 and 2 in the Front building (671 W. Tefft), the Rear Building (681 W. Tefft) was built to accommodate their growing needs. Plumbing has been completely replaced as of 2018.Approx. 180,000 in buildouts were spent by the county on rear building. New 5 year lease with one five (5) year option and annual CPI increases throughout base and option period. Fill out NDA for financial information.
    Exterior Features

    Construction Materials FrameStucco Entry Level 1 Fence YN No Fencing None Lot Features 2-5 Units/Acre Lot Size Dimensions 2.85 Lot Size Units Acres Parking Total 68.00 Roof CompositionTile

    Interior Features

    Condo Area Units Square Feet Cooling Central Cooling YN Yes Heating Forced Air Heating YN Yes Laundry Features None

    Property Features

    Additional Parcels Description 092-577-010 Additional Parcels YN No Building Area Units Square Feet Building Name Tefft Center Building Status Existing Business Type CommercialFitnessMedicalRetail Country Us Land Use OfficeOtherRetail Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Number Of Units Leased 13 Occupancy Occupied Property Sub Type Retail Security Features Fire And Smoke Detection System Special Listing Conditions Standard Utilities Phone AvailableSewer AvailableSewer ConnectedUnderground UtilitiesWater AvailableWater Connected Water Source Public

    Listing provided courtesy of Michael Puhek of Re/Max Del Oro.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-21T00:32:28.197. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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