1304 Ella CD, San Luis Obispo, CA 93401
Commercial property
Sold March 2026
Listing Agent: Derek Senn (DRE #01252131) · Listing Office: Anderson & Senn Commercial Real Estate · Contact: 805-801-7352 · Bought with: Tyler Kropf · BAC Real Estate Group, Inc. · MLS #SC25263904 · Source: CRMLS
About this commercial property
1304 Ella Street Units C and D are comprised of a fully leased and improved surgery center of 6,144 SF (Unit C) as well as a 1/3 LLC interest in a 1,000 SF administrative office (Unit D). Both suites are leased to the San Luis Obispo Surgery Center, a subsidiary of Sutter Heath. Both leases expire on August 31, 2030. The Surgery Center has been a long-term stable tenant, as both leases commenced on September 1, 2015. The Suite C lease expires on August 31, 2030 and the current net income for the 6,144 SF suite is $18,619.66 per month NNN. There are 2% annual increases on September 1st of each year. The Suite D lease expires on August 31, 2030 and the current net income for Suite C’s ownership interest is $792.98 NNN. There are 2.5% annual increases on September 1st of each year. Based upon the current annual net income of $232,952 the cap rate at the asking price of $3,515,000 is 6.6%. 1304 Ella Street is located directly adjacent to the French Hospital Medical Center, San Luis Obispo County’s preeminent hospital.
Listing description from the March 2026 sale, as reported to CRMLS.
Sale history