FDA-Certified Industrial Manufacturing
For Sale
Contact for pricing
1017 W Central Ave, Lompoc, CA 93436
Pre-engineered warehouse manufacturing space with 24-ft eave clearance, climate control, and a fully sprinklered system.
Property Size86,326 SF
Price / SF$139.01
Days on Market254
Property Features for 1017 W Central Ave
General Information
Standard status
Active
Size
86,326 SF
Property subtype
INDUSTRIAL
Listing Agency:
Lee & Associates | Los Olivos
(805) 962-6700
Listed By:
Tom Davidson · License #595846
(805) 588-7777
Source:
Moodyscre
Added: Feb 16
Changed: Oct 27
Last Checked: Oct 26 at 7:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates | Los Olivos
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Investment Insights
Based on property information with market context.
This well-maintained industrial facility is currently 100% occupied and features approximately 20,000 square feet of corporate headquarters office space. The warehouse is a pre-engineered building with a sloped steel roof system and 24-ft clearance at the eaves. A recently upgraded fully sprinklered system supports the warehouse, which is also described as climate controlled.
The loading and access configuration includes a loading dock area with 3 doors and 4 ground-level access doors. The property is described as an FDA-certified manufacturing facility with a fully fenced site and 298 parking spaces.
Power and utilities are supported by 2,000 amps of 3-phase service. The property is zoned BP (Business Park), described as an upgraded subset of industrial, and includes municipally owned electric, water, and sewer services.
The loading and access configuration includes a loading dock area with 3 doors and 4 ground-level access doors. The property is described as an FDA-certified manufacturing facility with a fully fenced site and 298 parking spaces.
Power and utilities are supported by 2,000 amps of 3-phase service. The property is zoned BP (Business Park), described as an upgraded subset of industrial, and includes municipally owned electric, water, and sewer services.
Key Highlights
- Approximately 20,000 SF corporate headquarters office space, 100% occupied by the current tenant since 2012
- Pre‑engineered building with sloped steel roof and 24‑ft clearance at the eaves
- Warehouse includes climate control and a recently upgraded fully sprinklered system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$641,942
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,838,840
$12.8M
Cap Rate 7%
$9,170,600
$9.2M
Cap Rate 9%
$7,132,689
$7.1M
Market Conditions
NOI Build-Up for 86,326 SF
Gross rent
$880.5K $10.20/SF
− Vacancy
−$125.3K −$1.45/SF
EGI
$755.2K $8.75/SF
− OpEx
−$113.3K −$1.31/SF
NOI
$641.9K $7.44/SF
Area
Santa Barbara County, CA
Vacancy
14.23%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,838,840
Cap Rate 7%
$9,170,600
Cap Rate 9%
$7,132,689
Alternative Uses
Best Use
Warehouse
$9.17M
$8.02M – $10.70M
NOI $641,942 @ 7.0% cap · market cap 5.35%
Second Best
Industrial
$7.55M
$6.61M – $8.81M
NOI $528,659 @ 7.0% cap · market cap 4.41%
Theoretical Best
Multifamily LT 5
$27.09M
$23.71M – $31.61M
NOI $1,896,592 @ 7.0% cap · market cap 15.80%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
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Business Placement
Demographics for 93436, CA
56,730
Population
18,928
Households
3
Avg Household Size
37
Median Age
17%
College-Educated
76%
High-School Grad
228.0 sq mi
ZIP Area
249
Density / Sq Mi
$76,241
Median Household Income
$36,340
Median Earnings
$1,578
Median Rent
$460,100
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Pre-engineered warehouse manufacturing space with 24-ft eave clearance, climate control, and a fully sprinklered system.
Where is this manufacturing property located?
The property is located at 1017 W Central Ave Lompoc, CA.
What is the asking price?
The asking price for this property is $12,000,000.
What are key features of this property?
This property features: Approximately 20,000 SF corporate headquarters office space, 100% occupied by the current tenant since 2012; Pre‑engineered building with sloped steel roof and 24‑ft clearance at the eaves; Warehouse includes climate control and a recently upgraded fully sprinklered system
