Prime investment or 1031 exchange opportunity in Atascadero at a 6.5% 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 lease, creating immediate income and a more passive ownership profile. At a 6.5% 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.
Listing courtesy of Listing Agent: Ryan Benson (ryanbensonrealtor@gmail.com) from Listing Office: Peak Properties.
Based on information from California Regional Multiple Listing Service, Inc. as of . 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, 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.
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