974 Griffin Street, Grover Beach, CA 93433
Excellent Investment Opportunity!
Four industrial buildings totaling over 14,000 sqft located on a drive-thru lot with double frontage in an active industrial business area. Two smaller buildings are owner-occupied and will lease back. A third building is partially occupied on a month-to-month basis at $3,375 per month. The fourth building is approximately 5,000 sqft and fully leased on a three-year term at $6,050 per month. Seller wishes to lease the remaining 5,250 sqft for 1 year. Features include 3-phase power and a flexible layout. Estimated CAP Rate is 5.5% with the potential for up to 7.6%. Excellent opportunity for investors or owner-users seeking both income and functionality in an established commercial corridor.
*Neighboring parcel at 978 Griffin is also available and offered at $500,000 with the concurrent sale of this property.
Parcel #: 060544009
Listing ID: SC24254186
List Price: $2,200,000