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    1105 Blosser Rd Santa Maria, CA 93458

    Sponsored
    For Sale
    $4,800,000

    NNN Leased, High-Cap Rate Investment

    Property size:
    15,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional investment opportunity: a 15,400-square-foot industrial warehouse in Santa Maria, CA, boasting a 5.5% cap rate and a substantial $263,286 net operating income (NOI) as of April 1, 2024. This single-tenant, NNN-leased property is fully occupied by United Rentals, the world's largest equipment rental company, ensuring stable, long-term cash flow. Situated on a 2.16-acre lot (approximately 93,889 square feet) with nearly 60,000 square feet of yard space, this asset offers significant flexibility and potential for future expansion. The building features three loading docks, a 20-foot warehouse ceiling height (10-foot ceilings in the office), and two restrooms. Built in 1981, the metal-frame structure includes HVAC in the office area and a sprinkler system. Its prime location at 1105 S Blosser Rd, near the intersection of Blosser and Stowell Roads, provides excellent access to US 101 and major commercial corridors. The property's APN is 1117-630-002 & 117-630-003. Asking price is $4,800,000 ($311 per square foot). The zoning is PD/CM. Power details are to be determined.

    Property Features for 1105 Blosser Rd

    General Information

    Property type
    Distribution properties
    Square Feet
    15,400 SF
    Lot Size
    94,090 SF

    Building Details

    Year Built
    1981
    Buildings
    1

    HighLights

    • $4,800,000 asking price ($311 per square foot).
    • 15,400‑square‑foot industrial warehouse.
    • 2.16‑acre lot (approx. 93,889 square feet) with 60,000 square feet of yard space.
    • APN: 117‑630‑002 & 117‑630‑003.
    • 100% leased to United Rentals; NNN lease.
    • $263,286 NOI (as of 4/1/24); 5.5% cap rate.
    Property Profile Location Intelligence

    Current Use by Public Records

    United Rentals Agricultural ... Equipment Rental Agency United Rentals Equipment Rental Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Maria
    County
    Santa Barbara
    State
    California
    Longitude
    -120.4542791
    Latitude
    34.9410357

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    FAQs

    What type of property is this?
    Distribution property - NNN Leased, High-Cap Rate Investment
    Where is this distribution property located?
    The property is located at 1105 Blosser Rd Santa Maria, CA.
    What is the asking price?
    The asking price for this property is $4,800,000.
    What are key features of this property?
    This property features: $4,800,000 asking price ($311 per square foot).; 15,400-square-foot industrial warehouse.; 2.16-acre lot (approx. 93,889 square feet) with 60,000 square feet of yard space.
    Request Owner's contact information
    1105 Blosser Rd Santa Maria, CA 93458
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1105 Blosser Rd Santa Maria, CA 93458
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