2200 Garden Rd - R&D FOR SALE


Monterey, CA 93940
$6,808,000 USD
510-289-1166
2200 Garden Rd, Monterey, CA for Sale
$6,808,000 USD
R&D - FOR SALE
1/1
null | 6.25% Cap Rate

2200 Garden Rd
Monterey, CA 93940


HIGHLIGHTS

  • 100% Occupied by BluePearl and the Federal Government
  • 13-Year Net Lease to BluePearl with 2.5% Annual Rental Escalations
  • Secure Investment with the Benefit of a Government Entity Lease Providing Stability in this Changing Economy
  • 2015 Renovation with Functional Layout Allowing for a Variety of Users
  • Large 2.98 Acre Lot with Flexible Zoning – Multi-Family Residential Overlay Allowing for Medium Density
  • Robust Demographics with Daytime Population of 112,578 and Annual Household Income of $141,005 within 5-Miles

OVERVIEW

• Rare Two-Tenant Medical-Retail & Government-Leased Investment in the Heart of Monterey • 100% Occupied by BluePearl and the Federal Government on Long-Term Leases • 13-Year Net Lease to BluePearl with 2.5% Annual Rental Escalations • 3 Years Remaining on Lease to the Federal Government Tenant • E-Commerce & Recession Proof Uses • Secure Investment with the Benefit of a Government Entity Lease Providing Stability in this Changing Economy • BluePearl has 100 Locations in 29 States with Over 7,000 Employees and Annual Revenue of $340 Million in 2021 • In 2015, BluePearl was Purchased by Mars, Incorporated, the World’s Leading Pet Nutrition and Healthcare Provider • 2015 Renovation with Functional Layout Allowing for a Variety of Users • Modern Interior Finishes with Restroom on Each Floor • Two Grade Level Doors with One Dock Platform • Large 2.98 Acre Lot with Flexible Zoning – Multi-Family Residential Overlay Allowing for Medium Density

FOR SALE DETAILS

PRICE

$6,808,000 USD

PRICE/SF

$356 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

R&D

ADD'L SUBTYPES

Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

1

DRIVE INS

2

PARKING SPACES

60

LAND DETAILS

LAND ACRES

2.99

LAND SF

130,244

ZONING

I-R-135

APN/PARCEL ID

013-312-015-000,013-312-016-000,013-312-017-000

ASK ABOUT THIS PROPERTY

Putnam DailyFisher James CapitalMore Info
510-289-1166

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Putnam DailyFisher James CapitalMore Info
510-289-1166

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