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Address not disclosed San Luis Obispo, CA 93401
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Key Details
Sold Price $11,250,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SP1071311
Sold Date 03/28/17
HOA Y/N No
Year Built 1995
Property Sub-Type Industrial
Property Description
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
Location
State CA
County San Luis Obispo
Area Slo - San Luis Obispo
Zoning COMSRV
Interior
Heating Forced Air
Fireplace No
Exterior
Roof Type Flat
Building
Story 1
Others
Tax ID 076414001
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Conventional
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Bought with John Cole • Allan Real Estate Investments
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