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Four Industrial Buildings For Sale

974 Griffin St, Grover Beach, CA 93433

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For Sale

$2,200,000

Four industrial buildings on a drive-thru lot in active area.

Type:Industrial

Property size:

14,000 SF

Lot size:

0.76 Acres

Price / SF:

$157/SF

HighLights

Four industrial buildings totaling over 14,000 sqft in an active industrial area.
Existing leases in place generating income: $3,375/month (partially occupied) and $6,050/month (fully leased).
Estimated 5.5% CAP Rate with potential to reach 7.6%.
Drive‑thru lot with double frontage.
3‑Phase power and flexible layout.
Opportunity to purchase neighboring parcel at 978 Griffin for additional space.

We can help!

Contact an agent

Valerie Walla

For Sale

$2,200,000

Four industrial buildings on a drive-thru lot in active area.

Type:Industrial

Property size:

14,000 SF

Lot size:

0.76 Acres

Price / SF:

$157/SF

Added:: Mar 11, 2026
Days on Market:: 119
Last Refresh:: Jul 2 at 6:25 pm

Property Features for 974 Griffin St

General Information

Standard status: Active
Size: 14,000 SF
Lot size: 0.76 Acres
Property subtype: Industrial

Building Details

Year Built: 1995

We can help!

Contact an agent

Valerie Walla

Listing office Century 21 Masters

Listing date Mar 11, 2026

Source Elliman

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 Century 21 Masters

HighLights

Four industrial buildings totaling over 14,000 sqft in an active industrial area.
Existing leases in place generating income: $3,375/month (partially occupied) and $6,050/month (fully leased).
Estimated 5.5% CAP Rate with potential to reach 7.6%.
Drive‑thru lot with double frontage.
3‑Phase power and flexible layout.
Opportunity to purchase neighboring parcel at 978 Griffin for additional space.

Overview

Four industrial buildings, totaling over 14,000 square feet, are available for purchase. The buildings are situated on a drive-thru lot with double frontage within an active industrial business area. Two of the smaller buildings are currently owner-occupied and will be leased back. A third building is partially occupied on a month-to-month basis, generating $3,375 per month. The fourth building, approximately 5,000 square feet, is fully leased on a three-year term, producing $6,050 per month. The property features 3-phase power and a flexible layout. This presents an opportunity for investors or owner-users seeking both income and functionality in an established commercial corridor. The neighboring parcel at 978 Griffin is also available for $500,000 with the concurrent sale of this property if additional space is needed.

Local Financial Insights For Industrial

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$210.0k	$15.00
− Vacancy	−$6.9k	−$0.50
EGI	$203.1k	$14.50
− OpEx	−$60.9k	−$4.35
NOI	$142.1k	$10.15

14,000 SF · lease $15.00/SF/yr · vacancy 3.30% · expense 30.00%

Alternative Uses

Best Use

Industrial

$2.03M

$1.78M – $2.37M (±1% cap)

NOI $142,149 @ 7.0% cap · market cap 6.46%

Second Best

—

no second resolved use

Theoretical Best

Healthcare Medical

$5.51M

$4.82M – $6.42M (±1% cap)

NOI $385,419 @ 7.0% cap · market cap 17.52%

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

Property Profile Location Intelligence

Current Use by Public Records

Industrial properties

Suggested Use

Location Insight

Map
Local Demand

City: Grover Beach
County: San Luis Obispo
State: California
Longitude: -120.622
Latitude: 35.1112

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For sale
Industrial properties
CA
Grover Beach
93433
974 Griffin St

What type of property is this?

Industrial property - Four industrial buildings on a drive-thru lot in active area.

Where is this industrial property located?

The property is located at 974 Griffin St Grover Beach, 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: Four industrial buildings totaling over 14,000 sqft in an active industrial area.; Existing leases in place generating income: $3,375/month (partially occupied) and $6,050/month (fully leased).; Estimated 5.5% CAP Rate with potential to reach 7.6%.