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$ 2,495,000
Est. payment | /mo
12,000 SqFt
$ 2,495,000
Est. payment | /mo
12,000 SqFt
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 12,000 sqft
Price per Sqft $207
MLS Listing ID 26-1782
Lot Size 0.500 Acres
Acres 0.5
Lot Dimensions 21780.0
Property Sub-Type Industrial
Source Santa Barbara Multiple Listing Service
Property Description
311-321 North 2nd Street presents a compelling investor or owner-user opportunity in one of the most in-demand product types: small-bay industrial. The buildings feature freespan ceilings, flexible loading, and ample onsite parking in a convenient Lompoc location. Currently at 50% occupancy, the property offering flexible acquisition strategies. An investor can execute a straightforward lease-up to stabilize and position for a refinance or exit. An owner-user can occupy one or more units and offset costs with income from the leased portion. The asset can be acquired at a 5.27% in-place cap with a clear path to 7.10% stabilized, underpinned by Lompoc's demand drivers including Vandenberg Space Force Base, regional agriculture, and a growing services sector.
Location
State CA
County Santa Barbara
Others
Tax ID 085-052-023
Listed by Hayes Commercial Group
Schools and Properties Nearby
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