705709 Fiero,  San Luis Obispo CA, (Commercial)

Status: Active
MLS#: SP1071311
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Last Updated: 12/3/2016 7:17 PM
Description for 705709 Fiero San Luis Obispo, CA
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
Price
$11,500,000
San Luis Obispo
SP1071311
Active
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
Listing Information
Property Type: General Commercial, Other
1995
Neighborhood
Room Information
Exterior / Lot Features
None
COMSRV
Financial Considerations
076414001
Listing Price History

San Luis Obispo Real Estate

San Luis Obispo is located in California. San Luis Obispo, California has a population of 45,328.

The median household income in San Luis Obispo, California is $46,651. The median household income for the surrounding county is $59,628 compared to the national median of $53,046. The median age of people living in San Luis Obispo is 25.3 years.

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Courtesy: Rossetti Company Preston Thomas, SIOR
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