The Gateway Plaza

1800 East Grand Avenue, Grover Beach, CA

   SOLD!   

$4,725,000

Price

4.69%

Cap Rate

$181,919

NOI

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Street
Map
Overview
Cap Rate
4.69%
NOI
$181,919
Pro Forma Cap Rate
8.26%
Building Size
23,959 sqft
Lot Area
57,935 sqft
Year Built
1997
Price Per Sqft
$197
Price Per Unit
$197
Floor
2
Description

The Gateway Plaza stands proudly on the corner of E Grand Ave (23,486 AADT) and S. Oak Park Blvd (13,903 AADT), welcoming homesteaders and visitors alike to the coastal community of Grover Beach.

This bright. L-shaped plaza disperses visibility to all tenants of the center, while a quaint-yet-eyecatching coffeeshop is perched at the intersection itself, luring passersby with convenience and intrigue. With ample parking and a lively, mixed-contemporary vibe, Gateway plaza is designed to execute its own marketing work, making it a highly favorable location for customers and tenants alike.

Highlights
  • $379,811 Pro Forma NOI
  • 8.04% Pro Forma Cap
Documents
Title
Property Brochure
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Location
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