Industrial Facility on 7.13
For Sale
$12,000,000
1200 La Brea Avenue, Santa Maria, CA 93458
51,800 SF industrial facility with secured yard on 7.13 acres.
Property Size51,800 SF
Lot Size7.13 Acres
Price / SF$231.66
Days on Market365
Property Features for 1200 La Brea Avenue
General Information
Standard status
Active
Size
51,800 SF
Lot size
7.13 Acres
Property subtype
Commercial/Industrial
Listing Agency:
McCarty Davis, Inc.
(805) 704-5727
Listed By:
Steve Davis · License #01843738
(805) 704-5727
Source:
Exitrealty
Added: Aug 31, 2025
Changed: Aug 25
Last Checked: Aug 29 at 7:27AM
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 McCarty Davis, Inc.
Investment Insights
Based on property information with market context.
The property at 1200 La Brea is an approximately 51,800 square-foot industrial facility situated on 7.13 acres, which includes 4 acres of secured yard. The building contains approximately 6,690 square feet of office space. This property is suitable for manufacturing, warehousing, or distribution purposes, accommodating a range of industrial uses.
Key Highlights
- Large 7.13‑acre property with 4 acres of secured yard space.
- Substantial 51,800 square‑foot industrial facility.
- Suitable for manufacturing, warehousing, or distribution.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$549,230
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$10,984,600
$11.0M
Cap Rate 7%
$7,846,143
$7.8M
Cap Rate 9%
$6,102,556
$6.1M
Market Conditions
NOI Build-Up for 51,800 SF
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.
Gross rent
$683.8K $13.20/SF
− Vacancy
−$37.6K −$0.73/SF
EGI
$646.2K $12.47/SF
− OpEx
−$96.9K −$1.87/SF
NOI
$549.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$10,984,600
Cap Rate 7%
$7,846,143
Cap Rate 9%
$6,102,556
Alternative Uses
Best Use
Warehouse
$7.85M
$6.87M – $9.15M
NOI $549,230 @ 7.0% cap · market cap 4.58%
Second Best
Industrial
$7.09M
$6.20M – $8.27M
NOI $496,037 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$17.50M
$15.32M – $20.42M
NOI $1,225,298 @ 7.0% cap · market cap 10.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
Explore this area
Business Placement
Demographics for 93458, CA
59,927
Population
14,433
Households
4.2
Avg Household Size
28
Median Age
9%
College-Educated
50%
High-School Grad
28.4 sq mi
ZIP Area
2,110
Density / Sq Mi
$73,518
Median Household Income
$30,278
Median Earnings
$1,825
Median Rent
$460,300
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - 51,800 SF industrial facility with secured yard on 7.13 acres.
Where is this manufacturing property located?
The property is located at 1200 La Brea Avenue Santa Maria, 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: Large 7.13‑acre property with **4 acres of secured yard space.**; Substantial **51,800 square‑foot industrial facility.**; Suitable for manufacturing, warehousing, or distribution.
