245 Rossi st - Distribution FOR SALE


Salinas, CA 93901- Elkhorn/Pajaro
$8,455,000 USD
415-713-8578
245 Rossi st, Salinas, CA for Sale
$8,455,000 USD
Distribution - FOR SALE
1/9
null | 6.25% Cap Rate

245 Rossi st
Salinas, CA 93901
Elkhorn/Pajaro


HIGHLIGHTS

  • New 10-year NNN lease with 2% annual increases and minimal landlord maintenance responsibilities
  • New Class A Construction, Build-to-Suit, Product Exchange Center for Frito Lay serving City of Salinas, Salinas Valley and Monterey County
  • Extremely high barrier to entry Central California location in Monterey County
  • Affluent demographics with population over 496,900 people and average household income of $128,975 within 20 miles
  • Large 3.30±-acre lot (8.92% building site coverage) with ample parking and future expansion potential on site
  • Tenant is responsible for maintenance/repair/replacement of the parking lot, driveway, hard surfaced areas and mechanical and utility systems

OVERVIEW

Cushman & Wakefield is pleased to exclusively offer for sale the newly constructed 11,469± sq. ft. Frito-Lay Product Exchange Center, located in the highly affluent, high barrier to entry market of Salinas, California. featuring a new 10-Year NNN lease with 2% annual rent increases. The property is located adjacent to downtown Salinas and just off US Highway 101, the primary coastal California commuter arterial connecting to the San Francisco Bay Area to the North and San Luis Obispo, Santa Barbara and Los Angeles to the South. With convenient access to State Routes 68 and 183 as well, the site is well positioned for logistics and distribution to the City of Salinas, the Salinas Valley, and Monterey County. Additionally, the oversized 3.30± acre lot can potentially accommodate future expansion of the facility. The surrounding area features strong demographics with over 496,900 people and an average household income of $128,975 within 20 miles. Nearby industrial tenants include Coca Cola, United Rentals, organicgirl, XPO, Taylor Farms, Ferguson, FedEx, and Mann Packing, among many other national and regional companies. Salinas Municipal Airport (SNS) is conveniently located 4 miles from the site.

FOR SALE DETAILS

PRICE

$8,455,000 USD

PRICE/SF

$737 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Frito-Lay Distribution Facility

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

UTILITIES

Water, Sewer

CLEAR CEILING HT

-

DOCKS

11

DRIVE INS

-

PARKING SPACES

39

LAND DETAILS

LAND ACRES

3.3

LAND SF

143,748

ZONING

IL

APN/PARCEL ID

003-161-014-000

ASK ABOUT THIS PROPERTY

Christopher SheldonCushman & WakefieldMore Info
415-713-8578

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Christopher SheldonCushman & WakefieldMore Info
415-713-8578

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