8951 Highway 41

    Atascadero, CA 93422
    • $950,000
    • STATUS: Active
    • ON SITE: 64 days
    • ID#: NS18196350
    UPDATED: 13 min ago
    $950,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,990
      SQFT
    • $318
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1988
    County:

    School Ratings & Info

    Description

    FREE STANDING COMMERCIAL BUILDING ON A SIGNALIZED CORNER LOT. AMPLE PARKING WITH 18 ON SITE PARKING SPACES. APPROXIMATELY 3,000 SQ. FEET. GREAT LOCATION NEAR ATASCADERO LAKE PARK. SINGLE TENANT LEASE WITH 4 YEARS REMAINING ON LEASE WITH 3% ANNUAL INCREASE AND OPTION TO RENEW FOR AN ADDITIONAL 5 YEARS. FINANCIALS AVAILABLE. 5.8 CAP RATE ON EXISTING RENT. TRUE NNN LEASE / 5.8 CAP RATE OVER 4 YEAR TERM.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-17T17:31:38.953. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.pismohomes.com/homes/86524751

    8951 Highway 41 Atascadero, CA 93422

    • Price: $950,000
    • Status: Active
    • Updated: 13 min ago
    • ID#: NS18196350
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    2,990
    SQFT
    $318
    $/SQFT
    1988
    Built
    Neighborhood:
    ATSC - Atascadero
    County:
    San Luis Obispo
    Area:
    ATSC - Atascadero
    Property Description
    FREE STANDING COMMERCIAL BUILDING ON A SIGNALIZED CORNER LOT. AMPLE PARKING WITH 18 ON SITE PARKING SPACES. APPROXIMATELY 3,000 SQ. FEET. GREAT LOCATION NEAR ATASCADERO LAKE PARK. SINGLE TENANT LEASE WITH 4 YEARS REMAINING ON LEASE WITH 3% ANNUAL INCREASE AND OPTION TO RENEW FOR AN ADDITIONAL 5 YEARS. FINANCIALS AVAILABLE. 5.8 CAP RATE ON EXISTING RENT. TRUE NNN LEASE / 5.8 CAP RATE OVER 4 YEAR TERM.
    Exterior Features

    Entry Level 0 Lot Features Corner LotLevel With StreetPaved Lot Size Source Other Lot Size Units Acres Parking Total 18.00 Roof Flat

    Interior Features

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

    Property Features

    Additional Parcels YN No Asset Class Office Building Area Units Square Feet Building Status Existing Business Type Retail Cap Rate 5.55 Country Us Current Use Comments Office Investment Property YN Yes Land Use Office Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 55434.00 Number Of Units Leased 1 Occupancy Occupied Property Sub Type Business Retail Center Type Unanchored Special Listing Conditions Standard Utilities Cable AvailablePhone ConnectedSewer Connected Vacancy Allowance 0 Water Source Public Year Built Source Estimated

    Listing provided courtesy of Richard Shannon of Century 21 Hometown Realty Atascadero and Dawn Espana of Century 21 Hometown Realty Atascadero.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-17T17:31:38.953. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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