FDA-Certified Industrial Manufacturing
1017 W Central Ave Lompoc, CA 93436
For Sale
Contact for pricing
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 Market163
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) 588-7777
Listed By:
Tom Davidson · License #595846
(805) 588-7777
Source:
Moodyscre
Added: Feb 16
Changed: Jul 27
Last Checked: Jul 28 at 12:17PM
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
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 For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $880.5k | $10.20 |
| − Vacancy | −$125.3k | −$1.45 |
| EGI | $755.2k | $8.75 |
| − OpEx | −$113.3k | −$1.31 |
| NOI | $641.9k | $7.44 |
86,326 SF · lease $10.20/SF/yr · vacancy 14.23% · expense 15.00%
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.
Property Analytics
Location Intelligence
Current Use
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
