High-Bay Distribution Building Near
For Sale
Contact for pricing
1401 W Fairway Dr, Santa Maria, CA
Class A distribution building with high ceilings, ready for occupancy.
Property Size49,895 SF
Lot Size3.36 Acres
Price / SF$275
Days on Market933
Property Features for 1401 W Fairway Dr
General Information
Standard status
Active
Size
49,895 SF
Lot size
3.36 Acres
Property subtype
INDUSTRIAL
Lease Type
NNN
Site & Location
Neighborhood
Midco
Properties For Sale
at 1401 W Fairway Dr
1401 W Fairway Dr, Bldg B
AVAILABLE, Now
Size
49,895 SF
Type
INDUSTRIAL
Lease Type
NNN
Sublease
No
Class A High-Bay Distribution Building
Adjacent To Santa Maria Airport
Rare Free-Standing Building
30' Minimum Clear Height
ESFR Sprinkler System
Move-In Ready
Contact us
Listing Agency:
AIR CRE
Listed By:
Unknown Agent
(714) 538-8432
Source:
Moodyscre
Added: Apr 9, 2024
Changed: Oct 25
Last Checked: Oct 28 at 8:04AM
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 AIR CRE
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Class A high-bay distribution building offers 49895 square feet of space. The property features a minimum clear height of 30 feet and an ESFR sprinkler system. It is a free-standing building located adjacent to the Santa Maria Airport, making it suitable for distribution and warehouse operations. The building is move-in ready.
Key Highlights
- Rare free‑standing building
- Adjacent to Santa Maria Airport
- Benefit from a 30' minimum clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$529,032
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,580,640
$10.6M
Cap Rate 7%
$7,557,600
$7.6M
Cap Rate 9%
$5,878,133
$5.9M
Market Conditions
NOI Build-Up for 49,895 SF
Gross rent
$658.6K $13.20/SF
− Vacancy
−$36.2K −$0.73/SF
EGI
$622.4K $12.47/SF
− OpEx
−$93.4K −$1.87/SF
NOI
$529.0K $10.60/SF
Area
Santa Maria, CA
Vacancy
5.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,580,640
Cap Rate 7%
$7,557,600
Cap Rate 9%
$5,878,133
Alternative Uses
Best Use
Warehouse
$7.56M
$6.61M – $8.82M
NOI $529,032 @ 7.0% cap · market cap 3.86%
Second Best
Industrial
$6.83M
$5.97M – $7.96M
NOI $477,795 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$16.86M
$14.75M – $19.67M
NOI $1,180,236 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
519
Businesses Nearby
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Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Distribution center - Class A distribution building with high ceilings, ready for occupancy.
Where is this distribution center located?
The property is located at 1401 W Fairway Dr Santa Maria, CA.
What is the asking price?
The asking price for this property is $13,721,125.
What are key features of this property?
This property features: Rare free‑standing building; Adjacent to Santa Maria Airport; Benefit from a **30' minimum clear height**
