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974 Griffin St 14,854 SF 100% Leased Industrial Building Grover Beach, CA 93433 $3,046,802 CAD ($205.12 CAD/SF)
INVESTMENT HIGHLIGHTS
- 4 industrial buildings for sale
EXECUTIVE SUMMARY
Four industrial buildings totaling over 14,000 sqft located on a drive-thru lot with double frontage in an active industrial business area. Two smaller buildings are owner-occupied and will lease back. A third building is partially occupied on a month-to-month basis at $3,375 per month. The fourth building is approximately 5,000 sqft and fully leased on a three-year term at $6,050 per month. Features include 3-phase power and a flexible layout. Estimated CAP Rate is 5.5% with the potential for up to 7.6%. Excellent opportunity for investors or owner-users seeking both income and functionality in an established commercial corridor.
*Neighboring parcel at 978 Griffin is also available and offered at $500,000 with the concurrent sale of this property.
*Neighboring parcel at 978 Griffin is also available and offered at $500,000 with the concurrent sale of this property.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$258,075
|
$17.37
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$258,075
|
$17.37
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $258,075 |
| Annual Per SF | $17.37 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $258,075 |
| Annual Per SF | $17.37 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS Under Contract
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Private Renter
- Services
- 3,750 SF
- $1.25 CAD
- Modified Gross
- -
- Rage Box
- Services
- 5,000 SF
- $1.67 CAD
- Modified Gross
- Aug 2028
- Topco Inc
- -
- 6,104 SF
- $1.38 CAD
- Negotiable
- Aug 2027
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Private Renter | Services | 3,750 SF | $1.25 CAD | Modified Gross | - | |
| Rage Box | Services | 5,000 SF | $1.67 CAD | Modified Gross | Aug 2028 | |
| Topco Inc | - | 6,104 SF | $1.38 CAD | Negotiable | Aug 2027 |
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Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 060-544-009 | Improvements Assessment | $1,700,309 CAD (2025) |
| Land Assessment | $279,892 CAD (2025) | Total Assessment | $1,980,201 CAD (2025) |
PROPERTY TAXES
Parcel Number
060-544-009
Land Assessment
$279,892 CAD (2025)
Improvements Assessment
$1,700,309 CAD (2025)
Total Assessment
$1,980,201 CAD (2025)
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974 Griffin St
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