344 Salinas St - Office FOR SALE


Salinas, CA 93901
$5,250,000 USD
831-646-1919
344 Salinas St, Salinas, CA for Sale
$5,250,000 USD
Office - FOR SALE
1/15
null | Request Cap Rate

344 Salinas St
Salinas, CA 93901


HIGHLIGHTS

  • Multi-tenant leased investment
  • Located in Downtown Salinas
  • Abundant onsite & offsite parking
  • ADA Compliant Restrooms & Elevator
  • 2nd Floor is occupied by Anchor Tenant
  • Excellent investment opportunity

OVERVIEW

SELLER FINANCING AVAILABLE! Mahoney and Associates is please to present to the market 344 Salinas St, a two-story commercial office property located in downtown Salinas, CA. PROPERTY HIGHLIGHTS • 100% Lease Investment • Low historical vacancy • Supply Constrained office market • Large open area and conference room • Value-Add: ability to increase rents, convert to NNN leases, and other strategic improvements • Diverse Tenant Mix • City of Salinas Office Vacancy under 5% • 74 onsite parking spaces; City of Salinas parking garage adjacent • Largest tenant is the County of Monterey

FOR SALE DETAILS

PRICE

$5,250,000 USD

PRICE/SF

$190 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Three Square

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

74

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,363 SF

ZONING

Commercial Office

APN/PARCEL ID

002-345-016-000

ASK ABOUT THIS PROPERTY

Ian JonesMahoney & AssociatesMore Info
831-646-1919

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Ian JonesMahoney & AssociatesMore Info
831-646-1919

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