One Plant Lompoc Retail Investment 8 CAP | 113-119 N A St
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One Plant Lompoc Retail Investment 8 CAP 113-119 N A St
6,048 SF 100% Leased Retail Building Lompoc, CA 93436 $1,719,000 ($284/SF) 7.85% Cap Rate
Investment Highlights
- Good operational tenant history
- Potential to expand Tenancy within building envelope.
- Lease term through 04/30/2029
- Below market rent in-place
- Single building identity
Executive Summary
Colliers, as exclusive advisor to the Seller, is pleased to present the opportunity to acquire the fee-simple interest in the Property known as 113-119 North A Street, in the city of Lompoc, California. The Property is well located on 0.32 acres, with an abundance of parking and excellent exposure near the corner of North A Street and the Cabrillo Highway, a major thoroughfare. This is a rare investment opportunity with a secured, single tenant leased asset with a history of strong sales performance. The Property is part of a 6 Property Portfolio and can be acquired separately or as part of the Portfolio.
The 6,048 SF Property resides on along N. A Street, one block from the Cabrillo Highway/ California State Route 246, a busy thoroughfare in the City of Lompoc. The Property is a well maintained, single story commercial building in good condition. The Property is located in downtown Lompoc, surrounding commercial tenancies include a mix of retailers from Starbucks, Grocery Outlet, The Home Depot and various local wineries & tasting rooms.
The 6,048 SF Property resides on along N. A Street, one block from the Cabrillo Highway/ California State Route 246, a busy thoroughfare in the City of Lompoc. The Property is a well maintained, single story commercial building in good condition. The Property is located in downtown Lompoc, surrounding commercial tenancies include a mix of retailers from Starbucks, Grocery Outlet, The Home Depot and various local wineries & tasting rooms.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,048 SF
Building Class
C
Year Built/Renovated
1960/2015
Price
$1,719,000
Price Per SF
$284
Cap Rate
7.85%
NOI
$134,955
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.43
Lot Size
0.32 AC
Zoning
CO - Commercial
Parking
17 Spaces (2.81 Spaces per 1,000 SF Leased)
Frontage
61 FT on N A St
Amenities
- Signage
Walk Score ®
Very Walkable (85)
Bike Score ®
Very Bikeable (76)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 085-142-003 | Improvements Assessment | $1,045,396 |
Land Assessment | $214,439 | Total Assessment | $1,259,835 |
PROPERTY TAXES
Parcel Number
085-142-003
Land Assessment
$214,439
Improvements Assessment
$1,045,396
Total Assessment
$1,259,835
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One Plant Lompoc Retail Investment 8 CAP | 113-119 N A St
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