Secure Industrial Park with
For Sale
$5,495,000
1291 Mesa View, Arroyo Grande, CA 93420
Centrally located industrial park features three reinforced concrete buildings on separate, fenced, gated parcels with heavy power.
Property Size22,000 SF
Lot Size15.45 Acres
Price / SF$249.77
Days on Market194
Property Features for 1291 Mesa View
General Information
Standard status
Active
Size
22,000 SF
Lot size
15.45 Acres
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Heavy Power
Yes
Building Details
Year Built
1952
Listing Agency:
Lynette S. Branch, Broker
Listed By:
Lynette Branch · License #01387743
(805) 459-9111
Source:
Myfabuloushome
Added: Apr 11
Changed: Oct 8
Last Checked: Oct 7 at 4:08PM
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 Lynette S. Branch, Broker
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Investment Insights
Based on property information with market context.
Callender Commercial Park is a 15.45-acre industrial park offering ten separate parcels in Arroyo Grande, CA. The property includes three reinforced concrete buildings totaling approximately 47,000 square feet, with an additional 10,000 square feet of approved space ready to break ground. Each building sits on its own parcel and is individually metered, supported by heavy 3-phase power. The site is secured with perimeter fencing and an automatic entrance gate.
The park is adjacent to Highway 1 and across the street from the Pacific Ocean, supporting convenient access for industrial operations. Multiple parcels have the ability for cannabis cultivation, manufacturing, and delivery service with appropriate licenses and permits. There is also the potential to develop the remaining seven parcels, which could be zoned for cannabis, a variety of industrial or mixed uses, or high-end RV storage. Existing approved plans and a rent roll are available upon request.
The park is adjacent to Highway 1 and across the street from the Pacific Ocean, supporting convenient access for industrial operations. Multiple parcels have the ability for cannabis cultivation, manufacturing, and delivery service with appropriate licenses and permits. There is also the potential to develop the remaining seven parcels, which could be zoned for cannabis, a variety of industrial or mixed uses, or high-end RV storage. Existing approved plans and a rent roll are available upon request.
Key Highlights
- 15.45‑acre industrial park in Arroyo Grande, CA, adjacent to Highway 1 and across the street from the Pacific Ocean
- Ten separate parcels with three reinforced concrete buildings totaling approximately 47,000 SF on individually metered, fenced, gated sites
- Heavy 3‑phase power available and property described as extremely secure with perimeter fencing and automatic entrance gate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$272,817
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,456,340
$5.5M
Cap Rate 7%
$3,897,386
$3.9M
Cap Rate 9%
$3,031,300
$3.0M
Market Conditions
NOI Build-Up for 22,000 SF
Gross rent
$440.9K $20.04/SF
− Vacancy
−$21.2K −$0.96/SF
EGI
$419.7K $19.08/SF
− OpEx
−$146.9K −$6.68/SF
NOI
$272.8K $12.40/SF
Area
San Luis Obispo County, CA
Vacancy
4.80%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,456,340
Cap Rate 7%
$3,897,386
Cap Rate 9%
$3,031,300
Alternative Uses
Best Use
Flex RnD
$3.90M
$3.41M – $4.55M
NOI $272,817 @ 7.0% cap · market cap 4.96%
Second Best
Warehouse
$3.56M
$3.12M – $4.16M
NOI $249,544 @ 7.0% cap · market cap 4.54%
Theoretical Best
Healthcare Medical
$8.65M
$7.57M – $10.09M
NOI $605,658 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93420, CA
30,540
Population
13,823
Households
2.2
Avg Household Size
49
Median Age
44%
College-Educated
95%
High-School Grad
197.4 sq mi
ZIP Area
155
Density / Sq Mi
$106,718
Median Household Income
$51,990
Median Earnings
$2,025
Median Rent
$872,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Centrally located industrial park features three reinforced concrete buildings on separate, fenced, gated parcels with heavy power.
Where is this flex space located?
The property is located at 1291 Mesa View Arroyo Grande, CA.
What is the asking price?
The asking price for this property is $5,495,000.
What are key features of this property?
This property features: 15.45‑acre industrial park in Arroyo Grande, CA, adjacent to Highway 1 and across the street from the Pacific Ocean; Ten separate parcels with three reinforced concrete buildings totaling approximately 47,000 SF on individually metered, fenced, gated sites; Heavy 3‑phase power available and property described as extremely secure with perimeter fencing and automatic entrance gate
