Property 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.rnrnRecent 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.rnrnSan 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.rnrnThe 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.

Features
2
Additional Information
Rockwood Realty
0
F110007796
F1060001
Patrick
128065004
: Standard

Commercial Sale For Sale

303 Plaza Drive, Santa Maria, California 93454

24,480 Sqft
$3,899,000
Listing ID #SR22058422
Basic Details
Status : Active
DaysOnMarket : 2
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : SR22058422
Price : $3,899,000
Living Area : 24,480 Sqft
Country : US
State : California
County : Santa Barbara
City : Santa Maria
Zipcode : 93454
Price Per Square Foot : $159
ModificationTimestamp : 2022-03-24 19:58:39
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