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615 Clarion Ct 13,184 SF 66% Leased Industrial Building San Luis Obispo, CA 93401 $4,390,000 ($332.98/SF) 3.38% Cap Rate
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.
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 | $4,390,000 | Building Class | B |
| Price Per SF | $332.98 | Lot Size | 0.50 AC |
| Sale Type | Investment | Rentable Building Area | 13,184 SF |
| Cap Rate | 3.38% | No. Stories | 2 |
| Sale Condition | 1031 Exchange | Year Built | 2004 |
| Property Type | Industrial | Parking Ratio | 1.06/1,000 SF |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 2 |
| Zoning | BP-SP - Business Park | ||
| Price | $4,390,000 |
| Price Per SF | $332.98 |
| Sale Type | Investment |
| Cap Rate | 3.38% |
| 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
1 1
Property Taxes
| Parcel Number | 053-426-009 | Improvements Assessment | $1,420,552 (2025) |
| Land Assessment | $2,190,021 (2025) | Total Assessment | $3,610,573 (2025) |
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)
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Presented by
Avenue Central Coast Realty
615 Clarion Ct
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