Offering is a Leasehold estate where the City of Paso Robles owns the land beneath the building. The Structure will transfer to the City at the end of the existing Lease that expires on April 30, 2037. The City of Paso Robles may consider providing an Option to extend the existing lease out to April 30, 2050 with a Capital Improvement plan that justifies the extension. The land lease rental rate is $1,071.35 per month plus taxes and insurance. This property is improved with +/- 20,400 SF of manufacturing/Assembly space, +/- 3,200 Sf of improved office space, +/- 5,500 SF of warehouse space that boasts over up to 25' of ceiling height, and 4,400 SF of Support space consisting of reception, restrooms, break areas, data and storage space. To help with the electric bill the Landlord installed a large solar system that will provide substantial savings for operations. This is ideal since the property has ample amounts of 3 phase power and is conditioned throughout with HVAC and Swamp Coolers. Other amenities include an outdoor picnic area, large offices with views of the airport and their own private restrooms, and an easy loading area with high pile storage and a tall 15' roll up door.
|--||New Value: $2,900,000|
|7/15/2022 4:02:49 PM||New Value: Pending|
|6/22/2022 7:04:00 PM||New Value: $2,900,000|