Sold for $5,600,000 on May 3, 2019
The Campanile Building Retail/Service Complex offers prospective investors an opportunity to acquire a 31,310 square foot multi-tenant retail/service complex located in San Luis Obispo, California. The property is located at 3566 South Higuera Street, along a major retail thoroughfare in San Luis Obispo. The property is leased to six local tenants and is 65% occupied. Upgrades to the building exteriors were recently completed, which have enhanced the appeal of this quality property. The property includes a showroom/retail presence, as well as a flex/warehouse or service commercial component in the rear of the site. It is located within one-half mile driving distance from the 101 Freeway, with approximately 143 feet of frontage on South Higuera Street, near the intersection of Granada Drive and South Higuera Street which has traffic counts of 17,000 cars per day. Proforma NOI: $380,738/Year
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