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7425 El Camino Real 19,000 SF 100% Leased Retail Building Atascadero, CA 93422 $2,900,000 ($152.63/SF) 5.22% Cap Rate
Executive Summary
Located in the Heart of Atascadero is this 19,000 sq. ft. commercial shopping center on 1.41 acres known as Plaza de Pueblo. There are 15 separate units being sold together. The unit breakdown is one (1) 5,000 sq. ft. unit and fourteen (14) 1,000 sq. ft. units. Some tenants occupy 2 units. The complex is fully occupied by a mixture of tenants. There is ample parking with 56 paved spaces. There are 16 parcel numbers. Future potential to complete a condominium map and sell the units individually. High traffic count. This is a very attractive property. It is still owned by the original family that built it. Plaza de Pueblo has been a vibrant part of the local economy since it's completion in 1985. Offered at only $152.63 per sq. ft.!!! Call your Realtor today for a viewing.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
19,000 SF
Building Class
B
Year Built
1985
Price
$2,900,000
Price Per SF
$152.63
Cap Rate
5.22%
NOI
$151,321
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
1.38 AC
Zoning
CR - Commercial Retail
Parking
58 Spaces (3.05 Spaces per 1,000 SF Leased)
Frontage
350’ on El Camino Real
Amenities
- Pylon Sign
- Restaurant
- Signage
- Accent Lighting
- Air Conditioning
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
20/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 030-124-001 | Improvements Assessment | $551,859 |
| Land Assessment | $154,773 | Total Assessment | $706,632 |
Property Taxes
Parcel Number
030-124-001
Land Assessment
$154,773
Improvements Assessment
$551,859
Total Assessment
$706,632
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7425 El Camino Real
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