Description
Unique opportunity to acquire four commercial office condominium buildings located within the Plaza Professional Center in the City of Santa Maria. The offering includes Buildings 303, 305, 313-A and 313-B. Each building is situated on a separate assessor parcel number and each individually contain an approximate 6,120 gross square feet and approximately 5,942 rentable square feet. The buildings are connected by balconies and stairs that are part of the common area. Overall, the Plaza Professional Center is comprised of a total of six office buildings located on a 2.14 acre parcel.Recent 2021 capital improvements implemented include new roofs for each building, the repaving of the parking lot area with new parking spaces including ADA stalls, new exterior painting of each building and new interior tenant improvements in Building 313 A & 313 B. Built in 1979, the Plaza Professional Center has an ample 137 parking spaces plus 5 ADA.San Joaquin Valley College is the major tenant at the property and occupies 100% of Buildings 303 and 305 and approximately 65% of Building 313A. San Joaquin Valley College is a private for-profit college with 17 locations throughout California as well as an online division.The offering provides a unique opportunity to acquire an office building asset offered below replacement cost with rental upside that is well-suited for an owner-user seeking available office space and/or an investor seeking a multi-tenant office investment.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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24,480SQFT
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$159$/SQFT
School Ratings & Info
Description
Unique opportunity to acquire four commercial office condominium buildings located within the Plaza Professional Center in the City of Santa Maria. The offering includes Buildings 303, 305, 313-A and 313-B. Each building is situated on a separate assessor parcel number and each individually contain an approximate 6,120 gross square feet and approximately 5,942 rentable square feet. The buildings are connected by balconies and stairs that are part of the common area. Overall, the Plaza Professional Center is comprised of a total of six office buildings located on a 2.14 acre parcel.Recent 2021 capital improvements implemented include new roofs for each building, the repaving of the parking lot area with new parking spaces including ADA stalls, new exterior painting of each building and new interior tenant improvements in Building 313 A & 313 B. Built in 1979, the Plaza Professional Center has an ample 137 parking spaces plus 5 ADA.San Joaquin Valley College is the major tenant at the property and occupies 100% of Buildings 303 and 305 and approximately 65% of Building 313A. San Joaquin Valley College is a private for-profit college with 17 locations throughout California as well as an online division.The offering provides a unique opportunity to acquire an office building asset offered below replacement cost with rental upside that is well-suited for an owner-user seeking available office space and/or an investor seeking a multi-tenant office investment.
Based on information from CRISNet MLS as of 2022-05-21T19:56:50.843. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.
Based on information from the i-Tech MLS as of 2022-05-21T19:56:50.843. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.