Features & Amenities

Interior

Area & Lot

  • Property Type

    Commercial Sale

Exterior

  • Garage

    No

Financial

  • Sales Price

    $11,500,000

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Location

County

San Luis Obispo

Elementary School

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Listing Courtesy of Preston Thomas, SIOR , Rossetti Company

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Marketing Remarks: Fiero I & II Commerce Park presents an opportunity to acquire an institutional quality multi-tenant flex industrial complex located in San Luis Obispo, California. The property is located at 705 and 709 Fiero Lane, in a popular industrial flex park adjacent to the San Luis Obispo County Airport. The buildings are of concrete tilt-up construction and are 100% leased to five tenants, including FedEx (NYSE: FDX), Apria Healthcare (formerly NYSE: AHG, acquired by Blackstone in 2008), and UL (Underwriters Laboratories: Private company with ~12,000 employees).   Upgrades to the building exteriors were recently completed, which have enhanced the appeal of this quality property. Fiero I & II Commerce Park benefits from stable cash flow and a strong tenant base, in an ideal location in San Luis Obispo. Annual NOI: $664,338

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