For Sale
$1,800,000

4855 Primero St New Cuyama, CA 93254

Six-Unit Retail Complex, High Income

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a thriving six-unit retail center in New Cuyama, California, situated on a substantial 14,374 square foot lot (APN: 149-032-010). The property boasts 100% occupancy and includes a successful supermarket generating $90,000 in gross sales annually with a 40% margin, a burger barn contributing $20,000-$30,000 in gross annual income, and a laundromat providing a consistent $1,000 monthly net income. Adding to the diverse income streams are three additional tenants: a post office paying $740 monthly rent, an antique shop paying $600 monthly, and the local water district contributing $300 monthly. The supermarket operates seven days a week, from 7 am to 9 pm. The property is located at 4855 Primero St, New Cuyama, CA 93254, and is offered at $1,800,000. This represents a significant opportunity to acquire a well-established, multi-faceted retail center with proven profitability and strong tenant occupancy in a stable community. The property's diverse tenant mix and high occupancy rate ensure a reliable and substantial return on investment. This is a turnkey operation, ready for immediate income generation. The single building houses all six units. This property is priced to sell and represents a compelling investment opportunity.

Highlights

  • Six-unit retail center in New Cuyama, CA on a 14,374 sq ft lot (APN: 149-032-010).
  • 100% occupancy with diverse tenant mix including a supermarket ($90,000 annual gross sales, 40% margin), burger barn ($20,000-$30,000 annual gross income), laundromat ($1,000 monthly net income), post office ($740 monthly rent), antique shop ($600 monthly rent), and water district ($300 monthly rent).
  • Located at 4855 Primero St, New Cuyama, CA 93254.
  • Offered at $1,800,000.
  • Turnkey operation with strong cash flow and high occupancy.

Property Details for 4855 Primero St

Property type
Lifestyle centers, Power centers
Buildings
1
Units
6

Location Insight

City
New Cuyama
County
Santa Barbara
State
California
Latitude
34.947625207668
Longitude
-119.68848198086

FAQs

What type of property is this?
Lifestyle center - Six-Unit Retail Complex, High Income
Where is the lifestyle center located?
The property is located at 4855 Primero St New Cuyama, CA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Six-unit retail center in New Cuyama, CA on a 14,374 sq ft lot (APN: 149-032-010).; 100% occupancy with diverse tenant mix including a supermarket ($90,000 annual gross sales, 40% margin), burger barn ($20,000-$30,000 annual gross income), laundromat ($1,000 monthly net income), post office ($740 monthly rent), antique shop ($600 monthly rent), and water district ($300 monthly rent).; Located at 4855 Primero St, New Cuyama, CA 93254.
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4855 Primero St
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