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Office Warehouse

100% Occupied Multi-Tenant

402 Farnel Rd, Santa Maria, CA 93458

Listing Price: $5,237,035

Cap Rate
7.00%
Gross SF
34,480
Price/Gross SF
$151.89
Lot Size
1.83 acres
Year Built
1988
Rentable SF
34,480

Investment Overview

Marcus & Millichap is pleased to exclusively present an exceptional investment opportunity, this property in Santa Maria, California, boasts a 100% occupied multi-tenant office/industrial space, offering a strategic blend of versatility and stability. The facility features several large roll-up doors that add significant value to both current and future tenants, allowing for a mix of office and light industrial use. The anchor tenant, the Superintendent of Schools County of Santa Barbara, has maintained a long-term presence since 1988, ensuring stability and reliability. Conveniently located in close proximity to Walmart Neighborhood Market and Dollar Tree, the property is within walking distance of these retail hubs. Subject property is also 1.2 miles from the Santa Maria Town Center, encompassing 577,103 square feet, the site is part of a bustling commercial landscape. Noteworthy tenants in the vicinity include Regal Cinema, Macy’s, Crunch Fitness, Hibbett Sports, Victoria’s Secret, Red Robin, Bath & Body Works, among others. Additionally, it stands 1.4 miles away from the Santa Maria Fairpark, a premier event center hosting various events, including the highly attended Santa Maria Valley Strawberry Festival and Santa Barbara County Fair. Situated in a dense, infill area, the property is surrounded by a thriving community, with 101,634 residents and 102,052 employees within a three-mile radius. Its proximity to La Vista Apartments, Fairlawn Elementary School, Sanchez Elementary School, and Santa Maria High School further enhances its appeal as a prime investment opportunity in this dynamic California city.

Investment Highlights

  • 100% Occupied Multi-Tenant Office/Industrial Space in Santa Maria, California
  • Several Large Roll-Up Doors Deliver Value to Current and Future Tenants
  • Superintendent of Schools County of Santa Barbara has been Located here Since 1988
  • In Extremely Close Proximity to Walmart Neighborhood Market and Dollar Tree
  • 1.4 Miles from Santa Maria Fairpark | Premier Event Center in Santa Maria Valley
  • 1.2 Miles from Santa Maria Town Center | 577,103 Square Feet | 3.9 Million Visits in the Last 12 Months (Placer.ai)

Exclusively Listed By

Broker of Record

  • Jim Markel

    First Vice President/Regional Manager

    (818) 212-2700

    License(s) CA: 01253407

    California

Financing By

Office Warehouse

100% Occupied Multi-Tenant

Listing Price: $5,237,035

Cap Rate
7.00%
Gross SF
34,480
Price/Gross SF
$151.89
Lot Size
1.83 acres
Year Built
1988
Rentable SF
34,480

Investment Highlights

  • 100% Occupied Multi-Tenant Office/Industrial Space in Santa Maria, California
  • Several Large Roll-Up Doors Deliver Value to Current and Future Tenants
  • Superintendent of Schools County of Santa Barbara has been Located here Since 1988
  • In Extremely Close Proximity to Walmart Neighborhood Market and Dollar Tree
  • 1.4 Miles from Santa Maria Fairpark | Premier Event Center in Santa Maria Valley
  • 1.2 Miles from Santa Maria Town Center | 577,103 Square Feet | 3.9 Million Visits in the Last 12 Months (Placer.ai)

Investment Overview

Marcus & Millichap is pleased to exclusively present an exceptional investment opportunity, this property in Santa Maria, California, boasts a 100% occupied multi-tenant office/industrial space, offering a strategic blend of versatility and stability. The facility features several large roll-up doors that add significant value to both current and future tenants, allowing for a mix of office and light industrial use. The anchor tenant, the Superintendent of Schools County of Santa Barbara, has maintained a long-term presence since 1988, ensuring stability and reliability. Conveniently located in close proximity to Walmart Neighborhood Market and Dollar Tree, the property is within walking distance of these retail hubs. Subject property is also 1.2 miles from the Santa Maria Town Center, encompassing 577,103 square feet, the site is part of a bustling commercial landscape. Noteworthy tenants in the vicinity include Regal Cinema, Macy’s, Crunch Fitness, Hibbett Sports, Victoria’s Secret, Red Robin, Bath & Body Works, among others. Additionally, it stands 1.4 miles away from the Santa Maria Fairpark, a premier event center hosting various events, including the highly attended Santa Maria Valley Strawberry Festival and Santa Barbara County Fair. Situated in a dense, infill area, the property is surrounded by a thriving community, with 101,634 residents and 102,052 employees within a three-mile radius. Its proximity to La Vista Apartments, Fairlawn Elementary School, Sanchez Elementary School, and Santa Maria High School further enhances its appeal as a prime investment opportunity in this dynamic California city.

Exclusively Listed By

Broker of Record

  • Jim Markel

    First Vice President/Regional Manager

    (818) 212-2700

    License(s): CA: 01253407

    California

Financing By

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