Log In/Sign Up
Your email has been sent.
974 Griffin St 14,854 SF 100% Leased Industrial Building Grover Beach, CA 93433 $2,200,000 ($148.11/SF)
INVESTMENT HIGHLIGHTS
- 4 industrial buildings for sale
EXECUTIVE SUMMARY
Four industrial buildings totaling over 14,000 sqft located on a drive-thru lot with double frontage in an active industrial business area. Two smaller buildings are owner-occupied and will lease back. A third building is partially occupied on a month-to-month basis at $3,375 per month. The fourth building is approximately 5,000 sqft and fully leased on a three-year term at $6,050 per month. Features include 3-phase power and a flexible layout. Estimated CAP Rate is 5.5% with the potential for up to 7.6%. Excellent opportunity for investors or owner-users seeking both income and functionality in an established commercial corridor.
*Neighboring parcel at 978 Griffin is also available and offered at $500,000 with the concurrent sale of this property.
*Neighboring parcel at 978 Griffin is also available and offered at $500,000 with the concurrent sale of this property.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$186,348
|
$12.55
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$186,348
|
$12.55
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $186,348 |
| Annual Per SF | $12.55 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $186,348 |
| Annual Per SF | $12.55 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS Under Contract
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Private Renter
- Services
- 3,750 SF
- $0.90
- Modified Gross
- -
- Rage Box
- Services
- 5,000 SF
- $1.21
- Modified Gross
- Aug 2028
- Topco Inc
- -
- 6,104 SF
- $1.00
- Negotiable
- Aug 2027
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Private Renter | Services | 3,750 SF | $0.90 | Modified Gross | - | |
| Rage Box | Services | 5,000 SF | $1.21 | Modified Gross | Aug 2028 | |
| Topco Inc | - | 6,104 SF | $1.00 | Negotiable | Aug 2027 |
1 1
Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 060-544-009 | Improvements Assessment | $1,210,770 (2025) |
| Land Assessment | $199,308 (2025) | Total Assessment | $1,410,078 (2025) |
PROPERTY TAXES
Parcel Number
060-544-009
Land Assessment
$199,308 (2025)
Improvements Assessment
$1,210,770 (2025)
Total Assessment
$1,410,078 (2025)
1 of 18
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
974 Griffin St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.