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689 Tank Farm Rd 7,727 - 8,051 SF Condo Units Offered at $2,450,000 - $2,550,000 Per Unit in San Luis Obispo, CA 93401
Executive Summary
HIGHLIGHTS: Prime investment property on one of the main intersections in San Luis Obispo. Located on the corner of Broad Street and Tank Farm Road with easy access to Downtown, the Highway, and minutes away from SLO Airport. Suite 240 is currently leased and is 2,490/sf. Suite 230 is 5,561/sf and is also leased at $1.75/SF NNN. It offers an open floorplan, 8 offices, a conference room, and lobby area. The building features an elevator to service the building and common area restrooms throughout. These second floor suites have great views.
2 Units Available
Unit 140
| Unit Size | 7,727 SF | Sale Type | Investment or Owner User |
| Price | $2,450,000 | Cap Rate | 7.09% |
| Price Per SF | $317.07 | NOI | $173,762 |
| Condo Use | Office/Medical | APN/Parcel ID | 053-415-033 |
| Unit Size | 7,727 SF |
| Price | $2,450,000 |
| Price Per SF | $317.07 |
| Condo Use | Office/Medical |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.09% |
| NOI | $173,762 |
| APN/Parcel ID | 053-415-033 |
Description
Prime medical office space on one of the main intersections in San Luis Obispo. Located on the corner of Broad Street and Tank Farm Road with easy access to Downtown, the Highway, and minutes away from SLO Airport. It offers an open floorplan with 5 offices, a conference room, kitchenette and lobby area. The building features an elevator to service the building and common area restrooms throughout. This first floor suite has great visibility and is available for lease at $1.75/SF NNN ($0.94).
Unit 230 & 240
| Unit Size | 8,051 SF | Sale Type | Investment |
| Price | $2,550,000 | Cap Rate | 7.11% |
| Price Per SF | $316.73 | NOI | $181,197 |
| Condo Use | Office | APN/Parcel ID | 053-415-034 |
| Unit Size | 8,051 SF |
| Price | $2,550,000 |
| Price Per SF | $316.73 |
| Condo Use | Office |
| Sale Type | Investment |
| Cap Rate | 7.11% |
| NOI | $181,197 |
| APN/Parcel ID | 053-415-034 |
Description
Prime partial investment property on one of the main intersections in San Luis Obispo. Located on the corner of Broad Street and Tank Farm Road with easy access to Downtown, the Highway, and minutes away from SLO Airport. Suite 240 is currently leased and is 2,490/sf. Suite 230 is 5,561/sf and is also currently leased at $1.75/sf, NNN. The building features an elevator to service the building and common area restrooms throughout. These second floor suites have great views.
Property Facts
| Total Building Size | 8,051 SF | Typical Floor Size | 8,051 SF |
| Property Type | Office | Year Built | 2006 |
| Property Subtype | Loft/Creative Space | Lot Size | 1.33 AC |
| Building Class | A | Parking Ratio | 9.94/1,000 SF |
| Floors | 2 | ||
| Zoning | BP - Business Park | ||
| Total Building Size | 8,051 SF |
| Property Type | Office |
| Property Subtype | Loft/Creative Space |
| Building Class | A |
| Floors | 2 |
| Typical Floor Size | 8,051 SF |
| Year Built | 2006 |
| Lot Size | 1.33 AC |
| Parking Ratio | 9.94/1,000 SF |
| Zoning | BP - Business Park |
Amenities
- Reception
- Central Heating
- Air Conditioning
Presented by
689 Tank Farm Rd
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