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5145 Traffic Way, Unit 5 Atascadero, CA 93422

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For Sale
$2,200,000

Industrial building with long-term tenant in Atascadero, CA.

Lot size:
0.22 Acres

Property Features for 5145 Traffic Way

General Information

Lot size
0.22 Acres

Building Details

Year built
1998

Source: Century 21 Masters Agent Valerie Walla

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Industrial Building Investment Opportunity

This industrial building presents an investment opportunity with a cap rate of approximately 5.5%. The property is part of a small condominium center located on Traffic Way. The current tenant, Atascadero Door Company, has been in business for over 30 years and occupies the space under a lease agreement. The tenant pays $10,000 per month on a net, net, net basis. The lease extends through 2029 and includes two options for five-year extensions.
Insight Report Location Intelligence

Current Use by Public Records

Manufacturing properties

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Atascadero
County
San Luis Obispo
State
California
Longitude
-120.664693
Latitude
35.5017377

FAQs

What type of property is this?
Manufacturing property - Industrial building with long-term tenant in Atascadero, CA.
Where is this manufacturing property located?
The property is located at 5145 Traffic Way, Unit 5 Atascadero, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: - Solid 5.5% Cap Rate; - Long-term tenant (Atascadero Door Company, 30+ years in business); - Current lease runs through 2029 with options to extend
More about this property
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