Sold
12300 Los Osos Valley Road
San Luis Obispo CA, 93405
$5,700,000
$232.69 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
March 28, 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 | $5,700,000 |
11/20/2023 | Pending | — |
Listing Contact: 559-281-6112
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/28/2024. 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 3/28/2024 at 1:54 PM UTC