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1154 E Grand Ave
Arroyo Grande, CA 93420
Office Property For Sale
Investment Highlights
- Secure cashflow generation from affiliate of Fortune 500 company. Lease is directly guaranteed by local Tenet Healthcare Hospital.
- Option to renew at Market Rent, but not less than currently paid rent, at end of current Term
- Potential buyer assumability of $1.5 million loan @ 3.75% fixed for 8 years
- Building was totally renovated in 2018. Building was gutted to stud walls, with new roof, stucco, interior, and mechanical equipment installed.
- Annual CPI based rental increases; min 2% - max 5%
Property Facts
Property Type
Office
Property Subtype
Medical
Building Size
4,443 SF
Building Class
B
Year Built/Renovated
1993/2018
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,443 SF
Building FAR
0.29
Lot Size
0.35 AC
Zoning
GMU - Fair Oaks Mixed Use
Parking
20 Spaces (4.5 Spaces per 1,000 SF Leased)
Amenities
- Reception
- Shower Facilities
- Drop Ceiling
- Air Conditioning
Property Taxes
| Parcel Number | 077-113-022 | Improvements Assessment | $1,700,000 |
| Land Assessment | $600,000 | Total Assessment | $2,300,000 |
Property Taxes
Parcel Number
077-113-022
Land Assessment
$600,000
Improvements Assessment
$1,700,000
Total Assessment
$2,300,000
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