37
10
0
0

REMARKS:

Ferrini Square is located in the coveted “north end” of San Luis Obispo, in close proximity to California Polytechnic State University and Cuesta College with over 30,000 students and faculty between them. The project is located on Foothill Blvd at the corners of Chorro and Broad Streets with access from Foothill Blvd, Chorro Street and Broad Street and near Highway 1 and 101. Foothill Blvd is a heavily trafficked street with traffic counts of 18,900 per day. Ferrini Square is surrounded by high-density university housing and single family residential neighborhoods. Additional high-density housing is being developed in the surrounding area. Ferrini Square has 10 commercial suites ranging in size from 510 sf to 2,100 sf. The project is anchored by Starbucks and Jamba which have been tenants since 1989. The project has been meticulously cared for with the original developer/owner maintaining the project from his on-site office.Address: 795-799 Foothill Blvd & 17 Chorro St, San Luis ObispoAPNs: 052-171-048 & 052-171-049Building Size: 10,838 SF (10 retail suites from 510 SF - 2,110 SF)Site Size: 49,386 SFPrice: $7,200,000.00Parking: 60 spaces, plus a 20% parking reduction creditNOI: $381,400Zoning: C-C-SFLong-Term Tenancies: Starbucks, Jamba, Taj Palace and Debbie’s Hair Fashion (20+ years)Traffic Count: 18,900 cars per dayLocation: Near Cal Poly and Cuesta College with over 30,000 students and faculty

OVERVIEW:

Commercial Sale
Pending
SLO - San Luis Obispo
1989
49386
1.13
None
6-10 Units/Acre

FINANCIAL:

7200000

Broker Reciprocity Courtesy of Anderson Commercial RE Service

 

Data last updated 6:55:34 AM, 09/21/2019

 

Based on information from California Regional Multiple Listing Service, Inc. as of 09/21/2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

 

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