Property profile

1105 Blosser Rd Santa Maria, CA 93458

OFF-MARKET
Automotive properties
Property ID
US10-3286170
1.07 ac lot
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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 profile

Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Lot 1.07 ac (46,609 SF)
APN 117-630-003
UPID US10-3286170

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Rental Equipment Company
  • (Bike/Boat/Book/etc) Store Rental Equipment Company

Location

1105 Blosser Rd Santa Maria, CA 93458-4923
Santa Maria metro Census 2410 SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.94M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.93M

Owner & transaction history

since 2023
Last sale
$3.2M
7 recorded transactions
2023
$3.2M
2010
$2.1M
2004
Price N/A
2004
$2.1M
1990
$400,000
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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