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3195 MCMILLAN AVENUE, SAN LUIS OBISPO, CA 93401

  • $3,100,000 
  • 0Beds
  • 0Baths
  • Sqft
  • Style
  • Commercial
  • Listed Date 07/26/2017
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  • Open House
  • NEWLY PRICED
  • Luxury
  • Pending
  • New Listing 07/26/2017
  • Coming Soon
  • Sold
  • Rental
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Interested in this property

This Retail/Service Complex offers prospective investors and owner/users an opportunity to acquire a 14,152 SF high exposure, two building, industrial flex project centrally located in San Luis Obispo. The property is located at 3195 McMillan Avenue, roughly 1.5 miles from Downtown and just off one of the busiest arteries in town (Hwy 227/Broad Street). The two very versatile concrete block buildings are composed of five tenant suites, and allows for many types of uses. The property benefits from a high exposure corner location, which gives great retail presence to industrial/service uses. 3195 McMillan Avenue is located at the intersection of Orcutt Road and McMillan Avenue. Currently there are four tenants in the complex and the property is 82% occupied. There are recent vacancies however in today’s market they should fill in a short period of time. The property provides 36 vehicle parking spaces, one of which is handicapped accessible. The buildings include a combination of storefronts and roll-up doors. The storefronts can be converted to roll-up doors, allowing a wide variety of manufacturing/service uses. Proforma NOI is a 6.25% +/- return. Great return for the San Luis Obispo marketplace. NOI: $190,885

Listing courtesy of: Preston Thomas, SIOR, Rossetti Company
  • Property type: Commercial
  • Status: Active
  • List Price: $3,100,000
  • MLS# SP17171261
  • Beds: 0
  • Baths: 0
  • Listed: 07/26/2017
  • Sqft:
  • Additional Parcels Description: 053201021, 053201022
  • Attached Garage YN: No
  • Auto Sold YN: No
  • Building Area Total: 14152
  • Building Area Units: Square Feet
  • Building Status: Existing
  • Construction Materials: Block
  • Cooling YN: No
  • County Or Parish: San Luis Obispo
  • Heating YN: No
  • Fireplace YN: No
  • Foreclosure YN: No
  • New Construction YN: No
  • Pool YN: No
  • REO or Bank Owned YN: No
  • Laundry Features: None
  • WaterWellYN: No

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Nearby Schools

san luis obispo high school (9-12)
1350 california blvd
san luis obispo, CA 93401
place1.61 miles from listing, web Website 18 students per teacher Educational climate index: average
78 staff members 1453 total students Poverty level:6 - 15.9 percent percent Enrollment change: -5% to -10%
hawthorne elementary school (preschool-6)
2125 story st
san luis obispo, CA 93401
place0.85 miles from listing, web Website 17 students per teacher Educational climate index: average
20 staff members 350 total students Poverty level:6 - 15.9 percent percent Enrollment change: +5% to +10%
sinsheimer elementary school (k-6)
2755 augusta st
san luis obispo, CA 93401
place0.56 miles from listing, web Website 25 students per teacher Educational climate index: average
15 staff members 380 total students Poverty level:6 - 15.9 percent percent Enrollment change: -1% to -5%
laguna middle school (7-8)
11050 los osos valley rd
san luis obispo, CA 93405
place2.77 miles from listing, web Website 19 students per teacher Educational climate index: average
37 staff members 711 total students Poverty level:6 - 15.9 percent percent Enrollment change: -1% to -5%
pacific beach high school (10-12)
11950 los osos valley rd
san luis obispo, CA 93405
place2.30 miles from listing, web Website 16 students per teacher Educational climate index: average
4 staff members 67 total students Poverty level:6 - 15.9 percent percent Enrollment change: +20% to +50%
old mission school (preschool-8)
761 broad st
san luis obispo, CA 93401
place1.74 miles from listing, web Website 9 students per teacher Educational climate index: average
15 staff members 323 total students Poverty level:6 - 15.9 percent percent Enrollment change: No Change
mission college preparatory school (9-12)
682 palm st
san luis obispo, CA 93401
place1.64 miles from listing, web Website 14 students per teacher Educational climate index: average
40 staff members 326 total students Poverty level:not reported percent Enrollment change: No Change
san luis obispo christian school (k-6)
2075 johnson ave
san luis obispo, CA 93401
place1.06 miles from listing, web Website 10 students per teacher Educational climate index: average
5 staff members 57 total students Poverty level:6 - 15.9 percent percent Enrollment change:
montessori children's school (preschool-6)
4200 s higuera st
san luis obispo, CA 93401
place2.11 miles from listing, web Website 6 students per teacher Educational climate index: average
10 staff members 85 total students Poverty level:6 - 15.9 percent percent Enrollment change:
grizzly challenge charter school (10-12)
camp san luis obispo - hwy 1
san luis obispo, CA 93405
place0.51 miles from listing, web Website 20 students per teacher Educational climate index: unclassified
10 staff members 207 total students Poverty level:6 - 15.9 percent percent Enrollment change: +20% to +50%
san luis obispo classical academy (k-10)
165 grand ave
san luis obispo, CA 93405
place2.36 miles from listing, web Website 9 students per teacher Educational climate index: unclassified
20 staff members 198 total students Poverty level:6 - 15.9 percent percent Enrollment change:
peep - de'groot - prepare school (preschool-12)
1500 lizzie st
san luis obispo, CA 93401
place1.24 miles from listing, web Website Not Reported students per teacher Educational climate index: average
3 staff members total students Poverty level:6 - 15.9 percent percent Enrollment change: No Change
The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS),CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share).
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