12300 Los Osos Valley Road, San Luis Obispo, CA 93405
Commercial property
Sold January 2024
Listing Agent: Preston Thomas (DRE #01378821) · Listing Office: Colliers Tingey International Inc. · Contact: preston.h.thomas@colliers.com · Bought with: Preston Thomas · Colliers Tingey International Inc. · MLS #SC23190498 · Source: CRMLS
About this commercial property
This is a rare and lucrative opportunity to own a thriving 24,496 square foot strip center on bustling Los Osos Valley Road in San Luis Obispo, California. The Subject Property offers a mix of 15 tenant suites, ranging in size from +/- 890-2600 SF and 106 parking spaces, all strategically positioned on the key LOVR thoroughfare, one of the city’s busiest and most sought-after commercial arteries. A stone’s throw from the new SLO Ranch project site and within proximity to major retail giants such as Target, Costco, and Whole Foods, the center enjoys excellent freeway access and high visibility, making it an ideal investment for astute real estate entrepreneurs. 6.6% Existing Cap Rate, 7.2% Proforma Cap Rate. $5,975,000
Listing description from the January 2024 sale, as reported to CRMLS.
Sale history