San Luis Obispo, CA 93401,1304 Ella #CD
San Luis Obispo, CA 93401,1304 Ella #CD
San Luis Obispo, CA 93401,1304 Ella #CD
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Fri
21
Nov
Sat
22
Nov
Sun
23
Nov
The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$3,515,000
Est. payment /mo
0.42 Acres Lot
Save

UPDATED:

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

MLS Listing ID SC25263904

HOA Y/N No

Year Built 1986

Lot Size 0.423 Acres

Property Sub-Type Office

Property Description

1304 Ella Street Units C and D are comprised of a fully leased and improved surgery center of 6,144 SF (Unit C) as well as a 1/3 LLC interest in a 1,000 SF administrative office (Unit D). Both suites are leased to the San Luis Obispo Surgery Center, a subsidiary of Sutter Heath. Both leases expire on August 31, 2030. The Surgery Center has been a long-term stable tenant, as both leases commenced on September 1, 2015. The Suite C lease expires on August 31, 2030 and the current net income for the 6,144 SF suite is $18,619.66 per month NNN. There are 2% annual increases on September 1st of each year. The Suite D lease expires on August 31, 2030 and the current net income for Suite C's ownership interest is $792.98 NNN. There are 2.5% annual increases on September 1st of each year. Based upon the current annual net income of $232,952 the cap rate at the asking price of $3,515,000 is 6.6%. 1304 Ella Street is located directly adjacent to the French Hospital Medical Center, San Luis Obispo County's preeminent hospital.

Location

State CA

County San Luis Obispo

Area Slo - San Luis Obispo

Interior

Fireplace No

Laundry None

Exterior

Utilities Available Water Not Available

Building

Lot Description 2-5 Units/Acre

Story 2

Water None

Others

Tax ID 003578050

Special Listing Condition Standard


Read Less Info
CRMLS – RECore
Listed by Derek Senn Anderson & Senn Commercial Real Estate 805-801-7352

MORTGAGE CALCULATOR

Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.
$
$
%
%
Advanced
Payment
Schedule
Your mortgage payments over 30 years will add up to $0.