LEASED! Warehouse in Grover Beach.

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CCG recently Leased a 3,000SF freestanding industrial warehouse in Grover Beach for $2.50/SF NNN.  Patrick Wilkinson of CCG represented the Tenant and Tim Gayda represented the Landlord in the transaction.  This is Patrick's 6th transaction in Grover Beach in the last six month's.  Grover Beach's industrial space is a popular spot as cannabis is legal and cannabis businesses are vying for space.  If you are looking for space in SLO County, call or text Patrick Wilkinson at 805.234.3722

LEASED! Warehouse space in Grover Beach.

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CCG recently Leased a 2,160SF commercial condo in Grover Beach for $2.50/SF NNN.  Patrick Wilkinson of CCG represented both the Landlord and Tenant in the transaction.  This is Patrick's 5th transaction in Grover Beach in the last six month's.  Now that both adult use and recreational cannabis sales are allowed in California, cannabis businesses are scrambling to find space. Grover Beach remains one of the few on California's Central Coast to approve cannabis uses.  If you are looking for space in SLO county for your cannabis business, contact Patrick today. 805-234-3722

Just LEASED

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949 highland way

Central Commercial group is proud to have helped The Hive Laboratory in the leasing of their first warehouse space.  Located at 949 Highland Way in Grover Beach, the 3000sf building was leased for 5 years with an Option to Purchase after 2 years. Patrick Wilkinson of Central Commercial Group represented the Tenant and Tim Gayda of Cornerstone Real Estate represented the Landlord.

State of Multifamily in San Luis Obispo County

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Stenner Glen, a 113-unit, 500+ bed, student housing complex near Cal Poly in San Luis Obispo, changed hands for a reported $22 million and received a much needed facelift, rebranding as The SLO.

Stenner Glen, a 113-unit, 500+ bed, student housing complex near Cal Poly in San Luis Obispo, changed hands for a reported $22 million and received a much needed facelift, rebranding as The SLO.

County Overview

The San Luis Obispo County multifamily market, much like the rest of California, has been on a bullish run the past several years and 2016 was no different.  County Year over year Multifamily Price Per Unit (PPU) pushed over 8% higher than 2015.  This occurred in both the North County (8.1% YOY growth) and South County of San Luis Obispo (8.1% YOY growth).  Gross Rent Multiplier (GRM) also pushed higher in both portions of the county, however the North county saw significantly more gains than South County as the city of San Luis Obispo experienced a soft 2016.  

Another metric that reinforced positive gains was the continued drop of cap rates reaching 4.58% for the County in 2016, down from 4.86% in 2014.  Although total sales volume dropped between 2015 and 2016, it was directly related to one transaction, the sale of.....

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