Commercial Sale Details
6.6% CAP on current rents with a 7.1% cash on cash return on $550,000 cash down. Well maintained and easy to operate mini storage in Oceano. Two apartments make it easy to manage. The couple in the two bedroom unit currently show any vacant units and keep the property clean. Extremely low vacancy in the storage market. Located in Oceano adjacent to Grover Beach and Arroyo Grande. A few minutes from the approved Grover Beach Lodge and Convention Center scheduled to break ground late summer of 2017. Please drive by only or contact listing broker for a tour. Do not disturb tenants. See attached marketing brochure.
|Price Per SqFt||$136.53|
|County||San Luis Obispo|
|Area||OCNO - Oceano|
|Listing Brokerage||Torelli Investment Realty|
|Listing Agent||Guy Torelli|
|Listing Agent BRE #||00666517|
Based on information from California Regional Multiple Listing Service, Inc. as of Tuesday, August 1, 2017.
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