514 S Western Ave, Santa Maria, CA
Freestanding industrial building in Santa Maria, close to 101.
- Added:
- Mar 29, 2024
- Days on Market:
- 808
- Last Refresh:
- May 20 at 8:46 pm
Property Features for 514 S Western Ave
General Information
- Standard status
- Active
- Size
- 27,072 SF
- Lot size
- 0.96 Acres
- Property subtype
- INDUSTRIAL
Listing agent Thomas Mulrooney
Listing office Ashwill Associates (714) 456-0500
Listing date Mar 29, 2024
Source Moodyscre
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 Ashwill Associates
HighLights
- Owner‑User or Investor Opportunity
- Free Standing Building
- Demised Into Six (6) Units
- Secure Parking Lot with Security Fencing and Automatic Gate
- Close to 101 Freeway
- 20’ Clear Height and Roll‑Up Doors
Overview
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $357.4k | $13.20 |
| − Vacancy | −$19.7k | −$0.73 |
| EGI | $337.7k | $12.47 |
| − OpEx | −$50.7k | −$1.87 |
| NOI | $287.0k | $10.60 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Agro-Jal Farms, Inc. — 257 Kathleen Ct, Santa Maria, CA 93458
- Mja Cooling Inc — 1370 White Ct, Santa Maria, CA 93458
- Extra Space Storage — 401 Farnel Rd, Santa Maria, CA 93458
- Armor Storage Unit — 417 S Blosser Rd, Santa Maria, CA 93458
- Central Coast Moving & Storage — 614 S Broadway, Santa Maria, CA 93454
Location Insight
- Map
- Local Demand
- City
- Santa Maria
- County
- Santa Barbara
- State
- California
- Longitude
- -120.449
- Latitude
- 34.948
