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495 Morro Bay Boulevard, Morro Bay, CA 93442 (MLS # PI21099481)

Posted by ClickArtists on | | 0
Price $3,200,000
Status Active
Size n/a
Lot Size 6,099 sqft
Days on Market 41
This centrally located retail property in downtown Morro Bay has just undergone a $1.4 million renovation. The tenant will execute a brand new 10-year sale leaseback at the close of escrow with 4 (5-year) option periods to extend, resulting in a 6.0% initial cap rate. The lease will feature 10% rental increases in Year 6 and at the beginning of each option period.
Property Type(s): Commercial
Last Updated 5/27/2021 Year Built 1977
Community Morro Bay County San Luis Obispo

Additional Details

AREA Morro Bay
LOT 6098 sq ft
LOT DESCRIPTION Corner Lot
WATER Public

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Listing provided by : Jason Hart CalDRE: 01334694, Hart Commercial Real Estate

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 6/20/21 2:28 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

This IDX solution is (c) Diverse Solutions 2021.

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