$1,250,000
$1,250,000
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1551 Bishop ST #B240 San Luis Obispo, CA 93401
2,400 SqFt
Key Details
Sold Price $1,250,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $520
MLS Listing ID SC24088380
Sold Date 10/02/24
HOA Y/N No
Year Built 1987
Lot Size 2,400 Sqft
Acres 0.0551
Property Description
A fully leased medical office condo in the Bishop Medical Plaza. A fantastic investment opportunity. --- Tenant: Community Health Centers --- Rent: $3.50/SF, NNN (with annual CPI increases) --- Lease Expiration: April 30, 2028 --- CAP Rate based upon current net income: 8%.
Location
State CA
County San Luis Obispo
Area Slo - San Luis Obispo
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Fireplace No
Laundry None
Exterior
Utilities Available Water Not Available
Building
Lot Description 2-5 Units/Acre
Story 1
Water None
Others
Tax ID 003703056
Financing Cash
Special Listing Condition Standard
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Bought with Rick Warren • Coldwell Banker Kellie & Assoc
The Wilkas Group - Lenore & Alexander Wilkas
Real Estate Advisors | License ID: 01343201 & 01355442