516-524 North 8th Street | Lompoc

Status: For Sale
Property Type: 3 Industrial Buildings on 1.1 Acres
Price: $995,000
SF: 7,200 SF Building Total, 95,832 (2.2 AC) Land
Price/SF: $138/SF Building, $21/SF Land
Zoning: Industrial, Cannabis

Owner-User or Investment Opportunity

Marcus & Millichap, as exclusive advisor, is pleased to present the unique opportunity to own 3 small, free-standing industrial buildings on one acre of land located at 516-524 North 8th Street, Lompoc (“the Property”).  Each building has two ground level roll-up doors and two gated yards.  The buildings are ideally suited for contractor yards and are within the Lompoc Cannabis Zone.  The Property has historically been and is currently 100% occupied with each tenant on a month-to-month lease.  Each of the three buildings has its own utility services and each tenant pays for their own utilities and rubbish.  Rents are well below market and the Property has some deferred maintenance, leaving ample room for upside through refreshing and bringing rents to market. Stable long-term tenancies, all leases can be terminated with 30-days notice.