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615 Clarion Ct 13,184 SF 66% Leased Industrial Building San Luis Obispo, CA 93401 $4,490,000 ($340.56/SF) 3.31% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Well Maintained Building

EXECUTIVE SUMMARY

Large commercial building offering multiple office suites as well as warehouse storage. Ample designated parking spaces. There are 4 Suites in total. Suites 1,3 & 4 are located on the first floor. They include large office spaces, conference rooms, kitchen/break rooms, multiple bathrooms and storage. Suite #4 is warehouse space with two roll up doors, a private office and bathroom. Suite #2 is on the second floor, with 3 private offices, central open space, kitchen/breakroom and restroom. The building is very well maintained. The City annexation fee has been paid. Several leases in place through 2025 and 2026.

ATTACHMENTS

Clarion Ct, Rent Roll, as of 10-2-2025
Clarion Ct, Operating Statement, 2024

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $4,490,000
Price Per SF $340.56
Sale Type Investment
Cap Rate 3.31%
Sale Condition 1031 Exchange
Property Type Industrial
Property Subtype Warehouse
Building Class B
Lot Size 0.50 AC
Rentable Building Area 13,184 SF
No. Stories 2
Year Built 2004
Parking Ratio 1.06/1,000 SF
No. Drive In / Grade-Level Doors 2
Zoning BP-SP - Business Park

AMENITIES

  • Signage
  • Skylights
  • Reception
  • Air Conditioning
  • Smoke Detector
  • Breakroom

UTILITIES

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
053-426-009
Land Assessment
$2,190,021 (2025)
Improvements Assessment
$1,420,552 (2025)
Total Assessment
$3,610,573 (2025)
  • Listing ID: 38228220

  • Date on Market: 10/27/2025

  • Last Updated:

  • Address: 615 Clarion Ct, San Luis Obispo, CA 93401

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