- $3.5M Price
- .42 Acres
- 1 DOM
1304 Ella # Cd
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.
Essential Information
- MLS® #SC25263904
- Price$3,515,000
- Bathrooms0.00
- Acres0.42
- Year Built1986
- TypeCommercial Sale
- Sub-TypeOffice
- StatusActive
Community Information
- Address1304 Ella # Cd
- AreaSLO - San Luis Obispo
- CitySan Luis Obispo
- CountySan Luis Obispo
- Zip Code93401
Amenities
- UtilitiesWater Not Available
Interior
- # of Stories2
Exterior
- Lot DescriptionTwoToFiveUnitsAcre
Additional Information
- Date ListedNovember 20th, 2025
- Days on Market1
Listing Details
- AgentDerek Senn
Office
Anderson & Senn Commercial Real Estate
Derek Senn, Anderson & Senn Commercial Real Estate.
Based on information from California Regional Multiple Listing Service, Inc. as of November 21st, 2025 at 11:21am PST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.