Sold

12300 Los Osos Valley Road

San Luis Obispo CA, 93405

$5,975,000


$243.92 per sqft

Sold

24,496 sqft

Commercial

Built in 1987

Listed by Preston Thomas with Colliers Tingey International Inc. 559-281-6112

This is a rare and lucrative opportunity to own a thriving 24,496 square foot strip center on bustling Los Osos Valley Road in San Luis Obispo, California. The Subject Property offers a mix of 15 tenant suites, ranging in size from +/- 890-2600 SF and 106 parking spaces, all strategically positioned on the key LOVR thoroughfare, one of the city's busiest and most sought-after commercial arteries. A stone's throw from the new SLO Ranch project site and within proximity to major retail giants such as Target, Costco, and Whole Foods, the center enjoys excellent freeway access and high visibility, making it an ideal investment for astute real estate entrepreneurs. 6.6% Existing Cap Rate, 7.2% Proforma Cap Rate. $5,975,000

SC23190498

MLS ID

October 12, 2023

Listed

February 16, 2024

Updated

Map

12300 Los Osos Valley Road
San Luis Obispo CA, 93405

Interior Features

Total Stories

1


Laundry Description

None


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

2.39 Acres


Lot Features

Level, Paved, Rectangular Lot

Other Property Details

Area Name

SLO - San Luis Obispo


Days on Market

39


Garage

No


View

No


County

San Luis Obispo


Water Source

Public


Pool

No


Zoning

CS


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

1/12/2024

Price Change

$5,700,000

-5%

1/12/2024

Sold

11/20/2023

Pending

Listing Contact: 559-281-6112 

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 6:27 AM UTC

 

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