For Sale
$4,800,000

1105 Blosser RdSanta Maria, CA 93458

NNN Leased, High-Cap Rate Investment

Overview

Added:
Dec 11, 2024
Days on market:
115
Exceptional investment opportunity: a 15,400-square-foot industrial warehouse in Santa Maria, CA, boasting a 5.5% cap rate and a substantial $263,286 net operating income (NOI) as of April 1, 2024. This single-tenant, NNN-leased property is fully occupied by United Rentals, the world's largest equipment rental company, ensuring stable, long-term cash flow. Situated on a 2.16-acre lot (approximately 93,889 square feet) with nearly 60,000 square feet of yard space, this asset offers significant flexibility and potential for future expansion. The building features three loading docks, a 20-foot warehouse ceiling height (10-foot ceilings in the office), and two restrooms. Built in 1981, the metal-frame structure includes HVAC in the office area and a sprinkler system. Its prime location at 1105 S Blosser Rd, near the intersection of Blosser and Stowell Roads, provides excellent access to US 101 and major commercial corridors. The property's APN is 1117-630-002 & 117-630-003. Asking price is $4,800,000 ($311 per square foot). The zoning is PD/CM. Power details are to be determined.

Highlights

  • $4,800,000 asking price ($311 per square foot).
  • 15,400-square-foot industrial warehouse.
  • 2.16-acre lot (approx. 93,889 square feet) with 60,000 square feet of yard space.
  • APN: 117-630-002 & 117-630-003.
  • 100% leased to United Rentals; NNN lease.
  • $263,286 NOI (as of 4/1/24); 5.5% cap rate.

Property Details for 1105 Blosser Rd

Property type
Warehouses, Industrial properties
Square Feet
15,400 SF
Year Built
1981
Buildings
1
Lot Size (sq. ft)
94,090 SF

Location Insight

City
Santa Maria
County
Santa Barbara
State
California
Latitude
34.9410357
Longitude
-120.4542791
1105 Blosser Rd, Santa Maria, California

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1105 Blosser Rd
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