Leased Warehouse Investment
For Sale
$3,150,000
Pending
2115 Willow Rd, Arroyo Grande, CA 93420
12,000 sq ft warehouse on 1.86 acres for sale.
Property Size12,000 SF
Lot Size1.86 Acres
Days on Market211
Property Features for 2115 Willow Rd
General Information
Standard status
Pending
Size
12,000 SF
Lot size
1.86 Acres
Property subtype
Industrial
Building Details
Building Size
12,000 SF
Listing Agency:
McCarty Davis Commercial Real Estate
Listed By:
Steve Davis · License #01843738
(805) 543-1801
Source:
Elliman
Added: Mar 11
Changed: Oct 6
Last Checked: Oct 7 at 1:44PM
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 Commercial Real Estate
Investment Insights
Based on property information with market context.
This property features a 12,000 square foot warehouse building, fully leased and situated on approximately 1.86 acres. The property is zoned for industrial use and is located in the County of San Luis Obispo. The current capitalization rate is 8.8%, with a proforma capitalization rate of 9.1%. The property has a large lot size that could potentially accommodate additional building construction. The current site coverage is 15%. A water well is located on-site.
Key Highlights
- 100% Leased Investment Property
- High Current Cap Rate: 8.8%
- Potential for Increased Cap Rate: Proforma 9.1%
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$136,115
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,722,300
$2.7M
Cap Rate 7%
$1,944,500
$1.9M
Cap Rate 9%
$1,512,389
$1.5M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$165.6K $13.80/SF
− Vacancy
−$5.5K −$0.46/SF
EGI
$160.1K $13.34/SF
− OpEx
−$24.0K −$2.00/SF
NOI
$136.1K $11.34/SF
Area
San Luis Obispo County, CA
Vacancy
3.30%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,722,300
Cap Rate 7%
$1,944,500
Cap Rate 9%
$1,512,389
Alternative Uses
Best Use
Warehouse
$1.94M
$1.70M – $2.27M
NOI $136,115 @ 7.0% cap · market cap 4.32%
Second Best
Industrial
$1.74M
$1.52M – $2.03M
NOI $121,842 @ 7.0% cap · market cap 3.87%
Theoretical Best
Healthcare Medical
$4.72M
$4.13M – $5.51M
NOI $330,359 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
84
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - 12,000 sq ft warehouse on 1.86 acres for sale.
Where is this warehouse located?
The property is located at 2115 Willow Rd Arroyo Grande, CA.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: 100% Leased Investment Property; High Current Cap Rate: 8.8%; Potential for Increased Cap Rate: Proforma 9.1%
