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894 Meinecke Ave 4,898 SF 100% Leased Office Building San Luis Obispo, CA 93405 For Sale
Executive Summary
Address: 894 Meinecke Avenue
City: San Luis Obispo, California
Size: 4,814 SF
Price: $1,650,000
Type: Office
Notes: This well maintained, four-suite professional/medical office building is for sale. Long-term tenancies (30+, 30+, 20+, 15+ years). Below market rents with an annual net income of $98,000. Excellent location just one block from Sierra Vista Hospital. Close to Cal Poly and a short drive to the U.S. 101 interchange. This is a fantastic opportunity for an investor or a potential owner-user.
City: San Luis Obispo, California
Size: 4,814 SF
Price: $1,650,000
Type: Office
Notes: This well maintained, four-suite professional/medical office building is for sale. Long-term tenancies (30+, 30+, 20+, 15+ years). Below market rents with an annual net income of $98,000. Excellent location just one block from Sierra Vista Hospital. Close to Cal Poly and a short drive to the U.S. 101 interchange. This is a fantastic opportunity for an investor or a potential owner-user.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
4,898 SF
Building Class
C
Year Built
1978
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,449 SF
Building FAR
0.36
Lot Size
0.31 AC
Zoning
O - Office
Parking
24 Spaces (4.9 Spaces per 1,000 SF Leased)
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Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 052-174-044 | Improvements Assessment | $651,437 |
| Land Assessment | $749,695 | Total Assessment | $1,401,132 |
Property Taxes
Parcel Number
052-174-044
Land Assessment
$749,695
Improvements Assessment
$651,437
Total Assessment
$1,401,132
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894 Meinecke Ave
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