Description
Downtown SLO 100% leased investment opportunity. The Subject property offers +/- 5,483 SF of multi-tenant retail space in the Downtown core located on the high identity corner of Marsh Street and Broad Street and adjacent to the new Hotel Cerro.This location benefits from its excellent exposure, great pedestrian traffic, and acts as the entrance to Downtown from the south end of the city (via Broad Street) and Hwy 101 (via Marsh Street). The Property is currently occupied by Twig & Arrow Salon who recently signed a new 5-year lease after outperforming in the smaller retail suite, which is now available. "Gateway location at the corner of Marsh Street and Broad Street Downtown San Luis Obispo leased retail building Great pedestrian traffic Easy access to and from HWY 101 Recently remodeled building (circa 2012) in like-new condition and new modern tenant improvements (exterior, roof, HVAC, and plumbing) Proforma 4.95% Capitalization Rate
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School Ratings & Info
Description
Downtown SLO 100% leased investment opportunity. The Subject property offers +/- 5,483 SF of multi-tenant retail space in the Downtown core located on the high identity corner of Marsh Street and Broad Street and adjacent to the new Hotel Cerro.This location benefits from its excellent exposure, great pedestrian traffic, and acts as the entrance to Downtown from the south end of the city (via Broad Street) and Hwy 101 (via Marsh Street). The Property is currently occupied by Twig & Arrow Salon who recently signed a new 5-year lease after outperforming in the smaller retail suite, which is now available. "Gateway location at the corner of Marsh Street and Broad Street Downtown San Luis Obispo leased retail building Great pedestrian traffic Easy access to and from HWY 101 Recently remodeled building (circa 2012) in like-new condition and new modern tenant improvements (exterior, roof, HVAC, and plumbing) Proforma 4.95% Capitalization Rate
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-03-23T07:33:32.893. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.