1105 Blosser Rd Santa Maria, CA 93458
- Automotive properties
- 1.07 lot acres
Current Use by Public Records
- United Rentals Agricultural Services / Tool Rental Service / Trailer Rental Service
- United Rentals / Equipment Rental Agency / Building Materials Supplier
Property Details for 1105 Blosser Rd
- Lot size
- 1.07 lot acres
- Property type
- Automotive properties
- APN
- 117-630-003
- APU
- 117630003
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,925,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,150,000
- 6.5%
- $3,075,000
- 7%
- $3,540,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,670,000
- Geo Method
- $3,465,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,145,000
- Retail
- $3,370,000
- Mixed-Use
- $3,385,000
- Hospitality
- $3,415,000
- Educational
- $3,080,000
- Residential Income
- $3,835,000
- Energy
- $3,300,000
- Income-Based Land
- $3,905,000
- Food Service
- $3,535,000
Location Insight
- Map
- Local Demand
- City
- Santa Maria
- County
- Santa Barbara
- State
- California
- Longitude
- -120.454
- Latitude
- 34.9409
- CBSA code
- 42200
- CBSA name
- SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA
