$5,750,000
1224 Vine
Paso Robles, CA, 93446
Property Description
Exceptional downtown Paso Robles investment opportunity fully leased to Pearce Services, LLC, now part of CBRE following CBRE’s acquisition of Pearce Services. The property consists of an approximately 19,757 SF three-story office headquarters building situated on an approximately 30,000 SF parcel at 1222–1224 Vine Street.
The property is leased through November 30, 2029 under a net lease structure with scheduled 3% annual rent increases, generating current annualized base rent of approximately $479,270 and an approximate 8.33% cap rate at the $5,750,000 asking price.
Originally developed as the Heritage Oaks Bank Administration Building, the asset features strong institutional-quality improvements, attractive architecture, and functional multi-floor office layouts. Additional offsite parking rights are included through an existing parking sublease agreement.
Excellent downtown Paso Robles location within walking distance to restaurants, hotels, retail, and civic amenities. Strong long-term investment opportunity with corporate tenancy and built-in rental growth.
The property is leased through November 30, 2029 under a net lease structure with scheduled 3% annual rent increases, generating current annualized base rent of approximately $479,270 and an approximate 8.33% cap rate at the $5,750,000 asking price.
Originally developed as the Heritage Oaks Bank Administration Building, the asset features strong institutional-quality improvements, attractive architecture, and functional multi-floor office layouts. Additional offsite parking rights are included through an existing parking sublease agreement.
Excellent downtown Paso Robles location within walking distance to restaurants, hotels, retail, and civic amenities. Strong long-term investment opportunity with corporate tenancy and built-in rental growth.
Property Details
Price:
$5,750,000
MLS #:
NS26106788
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Office
Neighborhood:
pricprinsidecitylimit
Listed Date:
May 15, 2026
Total Sq Ft:
19,757
Lot Size:
30,000 sqft / 0.69 acres (approx)
Year Built:
2006
Schools
Interior
Laundry Features
NO
Exterior
Financial
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Courtesy of Pacifica Commercial Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Mohr Real Estate Group include the name of the listing broker. Neither the listing company nor Mohr Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 1224 Vine
Paso Robles, CA
