Property listed by Peak Properties, Ryan Benson 805-592-2226
5145 Traffic
Atascadero, CA 93422
Square Ft.
9,640
$1,950,000
Prime investment or 1031 exchange opportunity in Atascadero north of a 6% cap rate! This well-maintained 9,640 square foot commercial building is located along a strong commercial corridor in North San Luis Obispo County and is being offered with an established long-term local tenant in place under a triple net… Read More lease, creating immediate income and a more passive ownership profile. At a 6.15% cap rate, this is an attractive option for investors seeking stable returns in a proven Central Coast market.
The property offers the kind of functionality that keeps commercial buildings like this in demand year after year, with multiple roll-up doors, a showroom component, and off-street parking. These are the practical features that serve real business needs, making this an asset that should remain desirable over the long term for both commercial tenants and future owner users alike. Even though the current sale is tailored to an investor, the underlying utility and flexibility of the building add to its lasting value.
For buyers looking to place 1031 exchange funds, this is the type of asset that stands out: well maintained, income producing, strategically located, and supported by an in-place tenant. Opportunities to acquire a stabilized commercial property with current cash flow, durable building utility, and long-term market appeal are increasingly hard to find. Read Less
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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