Listed by Patrick Leff, Rockwood Realty,

303 E Plaza Drive

Santa Maria, CA, 93454

$3,599,000

$147 per ft²
$3,599,000
$147 per ft²
Active
Active
 - For Sale
carpenters-square
24,480 ft²
property_type
Commercial
Price Improvement! 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.
MLS® ID:
SR22058422
Listed:
3/22/22
Updated:
10/7/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
None

Exterior/Building Features

Lot Size
2.14 acres lot
Lot Details
2-5 Units/Acre, Level

Other Property Details

Area Name
699 - Not Defined
Garage
No
Parking
N
View
N
County
Santa Barbara
Water Source
Public
Pool
No
Total Stories
2
Zoning
Commercial Office

Property History

Date
Event
Price
Value
8/15/22
Price Change
$3,599,000
-7%

 

Courtesy of Rockwood Realty, Patrick Leff,
Listing Contact:  

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Data last updated 3:41 PM UTC, 10/7/22

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