Sold
Private Address
$11,250,000
$194.45 per sqft
Sold
57,855 sqft
Commercial
Built in 1995
Listed by Preston Thomas, SIOR with Rossetti Company 805-544-3900
Marketing Remarks: Fiero I & II Commerce Park presents an opportunity to acquire an institutional quality multi-tenant flex industrial complex located in San Luis Obispo, California. The property is located at 705 and 709 Fiero Lane, in a popular industrial flex park adjacent to the San Luis Obispo County Airport. The buildings are of concrete tilt-up construction and are 100% leased to five tenants, including FedEx (NYSE: FDX), Apria Healthcare (formerly NYSE: AHG, acquired by Blackstone in 2008), and UL (Underwriters Laboratories: Private company with ~12,000 employees). Upgrades to the building exteriors were recently completed, which have enhanced the appeal of this quality property. Fiero I & II Commerce Park benefits from stable cash flow and a strong tenant base, in an ideal location in San Luis Obispo. Annual NOI: $664,338
SP1071311
MLSⓇ ID
September 19, 2016
Listed
March 18, 2024
Updated
Map
Private Address
Interior Features
Total Stories
1
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
3.84 Acres
Roof
Flat
Other Property Details
Area Name
SLO - San Luis Obispo
Days on Market
133
Garage
No
Parking Total
0
View
No
County
San Luis Obispo
Pool
No
Zoning
COMSRV
Buyer Agency Compensation
1.5%
Listing Contact: 805-544-3900
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/18/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/18/2024 at 6:16 PM UTC