Sold

San Luis Obispo CA, 93401

$11,500,000


$198.77 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

February 16, 2024

Updated

Map


San Luis Obispo CA, 93401

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 2/16/2024. 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.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 2/16/2024 at 4:10 AM UTC

 

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