391-399 Reservation Rd - Warehouse FOR SALE


Marina, CA 93933
$5,600,000 USD
831-275-7999
391-399 Reservation Rd, Marina, CA for Sale
$5,600,000 USD
Warehouse - FOR SALE
1/38
null | 5.87% Cap Rate

391-399 Reservation Rd
Marina, CA 93933


HIGHLIGHTS

  • Location of property offers easy access to surrounding cities such as Salinas, Monterey & Santa Cruz.
  • Building recently remodeled (2/3 of the building).
  • Plenty of parking for employees and customers alike.
  • Property has high vehicle visibility. Reservation Road is the "pass" through route between the Monterey Peninsula & Salinas.

OVERVIEW

Property is 100% occupied by 1 light industrial tenant. Prior to existing tenant, building had multiple occupants. Building is set up to rent to multiple tenants. Property can be converted back to 13 separate spaces. Building has 13 front & back doors. Also has 13 individual electrical meters/panels. 10 individual bathrooms currently, so very little expense to convert back. Please contact listing agent for more information; P&L (owner generated) & tenant lease.

FOR SALE DETAILS

PRICE

$5,600,000 USD

PRICE/SF

$287 USD /SF

CAP RATE

5.87%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lesko Building

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

30 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

54

LAND DETAILS

LAND ACRES

1.53

LAND SF

66,647

ZONING

C2

APN/PARCEL ID

032-121-028-000

ASK ABOUT THIS PROPERTY

Clay LeeHongPeninsula Group Realty, Inc.More Info
831-275-7999

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Clay LeeHongPeninsula Group Realty, Inc.More Info
831-275-7999

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