183
117
0
0

REMARKS:

TEFFT CENTER, NIPOMO, CAMulti Tenant Mixed Use Center - Retail | Office | MedicalTeam Puhek, with RE/MAX Del Oro, is proud to present this opportunity to purchase the commercial center known as Tefft Center. Tefft Center contains retail, office and service spaces and a free standing office building leased by the County of San Luis Obispo. The Tefft Center commercial building is centrally located in Nipomo's trade district with national/international brand retailers including Starbucks, Vons, CVS Pharmacy, Taco Bell, Chevron, McDonald's, and Carl's Jr. Located just off HWY 101 and Tefft St, the center experiences excellent exposure and high traffic counts. The center is 93.9% occupied with many of the tenants having annual increases, renewal options and long term history on site. Pro Forma cap rate is 8% - based on rent as of July 1st and anticipated expenses for 2018. Specifically, the San Luis Obispo County Social Services Office has a very strong operating history at the site having been there for 18 years. Originally they were located in Unit 1 and 2 in the Front building (671 W. Tefft), the Rear Building (681 W. Tefft) was built to accommodate their growing needs. Plumbing has been completely replaced as of 2018.Approx. 180,000 in buildouts were spent by the county on rear building. New 5 year lease with one five (5) year option and annual CPI increases throughout base and option period. Fill out NDA for financial information.

OVERVIEW:

Commercial Sale
Active
NPMO - Nipomo
1995
124146
2.85
Frame, Stucco
Composition, Tile
Forced Air
Central
Public
Phone Available, Sewer Available, Sewer Connected, Underground Utilities, Water Available, Water Connected
2.85
2-5 Units/Acre

FEATURES:

Fire and Smoke Detection System

FINANCIAL:

6500000

Broker Reciprocity Courtesy of RE/MAX Del Oro

 

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