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3195 McMillan, San Luis Obispo, CA 93401.
Listing Courtesy of:
San Luis Obispo
San Luis Obispo
This Retail/Service Complex offers prospective investors and owner/users an opportunity to acquire a 14,152 SF high exposure, two building, industrial flex project centrally located in San Luis Obispo. The property is located at 3195 McMillan Avenue, roughly 1.5 miles from Downtown and just off one of the busiest arteries in town (Hwy 227/Broad Street). The two very versatile concrete block buildings are composed of five tenant suites, and allows for many types of uses. The property benefits from a high exposure corner location, which gives great retail presence to industrial/service uses.
3195 McMillan Avenue is located at the intersection of Orcutt Road and McMillan Avenue. Currently there are four tenants in the complex and the property is 82% occupied. There are recent vacancies however in today’s market they should fill in a short period of time. The property provides 36 vehicle parking spaces, one of which is handicapped accessible.
The buildings include a combination of storefronts and roll-up doors. The storefronts can be converted to roll-up doors, allowing a wide variety of manufacturing/service uses.
Proforma NOI is a 6.25% +/- return. Great return for the San Luis Obispo marketplace.
July 26, 2017
Orcutt Road and Broad Street
Based on information from California Regional Multiple Listing Service, Inc. as of October 22nd, 2017 at 04:39:51AM UTC.
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