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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
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | APN/Parcel ID | 053-415-033 |
| Cap Rate | 7.09% |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.09% |
| 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).
| Sale Type | Investment | APN/Parcel ID | 053-415-034 |
| Cap Rate | 7.11% |
| Sale Type | Investment |
| Cap Rate | 7.11% |
| 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.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 140 | 7,727 SF | Office/Medical | $2,450,000 ($317.07/SF) | $173,762 |
| Unit 230 & 240 | 8,051 SF | Office | $2,550,000 ($316.73/SF) | $181,197 |
Unit 140
| Unit Size |
| 7,727 SF |
| Condo Use |
| Office/Medical |
| Price |
| $2,450,000 ($317.07/SF) |
| NOI |
| $173,762 |
Unit 230 & 240
| Unit Size |
| 8,051 SF |
| Condo Use |
| Office |
| Price |
| $2,550,000 ($316.73/SF) |
| NOI |
| $181,197 |
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Unit 140
| Unit Size | 7,727 SF |
| Condo Use | Office/Medical |
| Price | $2,450,000 ($317.07/SF) |
| NOI | $173,762 |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.09% |
| 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).</li></ul> |
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Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 230 & 240
| Unit Size | 8,051 SF |
| Condo Use | Office |
| Price | $2,550,000 ($316.73/SF) |
| NOI | $181,197 |
| Sale Type | Investment |
| Cap Rate | 7.11% |
| 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.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| 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
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
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689 Tank Farm Rd