10031 Reese Cir - Freestanding FOR SALE


Salinas, CA 93907
$3,007,000 USD
213-861-3386
10031 Reese Cir, Salinas, CA for Sale
$3,007,000 USD
Freestanding - FOR SALE
1/9
null | 9.28% Cap Rate

10031 Reese Cir
Salinas, CA 93907


HIGHLIGHTS

  • Building and existing FF&E are in good condition
  • Robust tenant sales
  • Centrally located in Monterey County near major-trade markets
  • Monthly sales are approx. $240,000 / 100 customers per day
  • Tenant signage visible from US Hwy.

OVERVIEW

Colliers, as exclusive advisor to the Seller, is pleased to present the opportunity to acquire the fee-simple interest in the Property known as 10031 Reese Circle in the city of Salinas, California. The Property boasts an excellent location, on over 1 acre, with excellent branding and identity visible from the US Hwy. 101, the main artery of Monterey County. There is ample parking in both the front and back of the building, two loading bay doors, and a large storage warehouse . This is a rare investment opportunity with a single tenant leased asset with strong sales and a loyal customer base. The Property is part of a 6 Property Portfolio and can be acquired separately or as part of the Portfolio. The 7,200 SF Property is highly visible from US Hwy. 101 Freeway and in close proximity to the cities of Santa Cruz to the North and Monterey to the South. The Property is a well maintained, single story commercial building in good condition, with over 200 AMPS of power and recent, significant improvements throughout including brand new HVAC systems.

FOR SALE DETAILS

PRICE

$3,007,000 USD

PRICE/SF

$418 USD /SF

CAP RATE

9.28%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

One Plant Salinas Retail Investment 9 CAP

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,605 SF

ZONING

Commercial

APN/PARCEL ID

125-022-024-000

ASK ABOUT THIS PROPERTY

Gabe KadoshColliersMore Info
213-861-3386

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Gabe KadoshColliersMore Info
213-861-3386

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.