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1304 Ella #CD

San Luis Obispo, CA 93401

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$3,515,000

6,477 sq ft

1304 Ella #CD

San Luis Obispo, CA 93401

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Listed On: 11/20/2025
Status: Active
Listing Number: SC25263904 (CRMLS)

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Contact Info

Advertising Agent:

London Properties, Ltd.
London Properties, Ltd. 559.436.4071 Email Agent
Property Description
Listing Agent: Derek Senn, Anderson & Senn Commercial Real Estate

 1304 Ella Street Units C and D are comprised of a fully leased and improved surgery center of 6,144 SF (Unit C) as well as a 1/3 LLC interest in a 1,000 SF administrative office (Unit D). Both suites are leased to the San Luis Obispo Surgery Center, a subsidiary of Sutter Heath. Both leases expire on August 31, 2030. The Surgery Center has been a long-term stable tenant, as both leases commenced on September 1, 2015. The Suite C lease expires on August 31, 2030 and the current net income for the 6,144 SF suite is $18,619.66 per month NNN. There are 2% annual increases on September 1st of each year. The Suite D lease expires on August 31, 2030 and the current net income for Suite C's ownership interest is $792.98 NNN. There are 2.5% annual increases on September 1st of each year. Based upon the current annual net income of $232,952 the cap rate at the asking price of $3,515,000 is 6.6%. 1304 Ella Street is located directly adjacent to the French Hospital Medical Center, San Luis Obispo County's preeminent hospital.
Property Type
Commercial Sale
Property Sub Type
Office
Year Built
1986
Special Listing Conditions
Standard
Stories Total
2
Entry Level
1
Building Status
Existing
Price Per Square Foot
$543
Days On Market
26
County Or Parish
San Luis Obispo
Directions
Ella St & Johnson Ave
Laundry Features
None
Water Source
None
Condo Area Units
Square Feet
Common Interest
None
Parcel Number
003578050
Additional Parcels Y/N
No

The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange (IDX) of the Multiple Listing Service. Real estate listings are marked with the IDX logo and detailed information about them includes the name of the listing broker and the name of the listing agent. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.

Copyright © 2025  London Properties, Ltd. All rights reserved.

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