557 Brunken Ave - Warehouse FOR SALE


Salinas, CA 93901
$7,400,000 USD
831-422-5327
557 Brunken Ave, Salinas, CA for Sale
$7,400,000 USD
Warehouse - FOR SALE
1/7
null | Request Cap Rate

557 Brunken Ave
Salinas, CA 93901


HIGHLIGHTS

  • Large multi-tenant industrial building
  • Freestanding warehouse building in heart of Salinas' industrial district
  • Value add opportunity
  • approximately 41,070 square feet of industrial/warehouse space on a 2.09 acre lot.

OVERVIEW

557 & 561 Brunken is a large multi-tenant industrial building consisting of approximately 41,070 square feet of industrial/warehouse space on a 2.09 acre lot in the heart of Salinas' industrial district. Zoned Industrial-General (IG) and currently divided into 18 suites occupied by 13 tenants, this property is primed for value-add strategies to maximize net operating income and increase market value for years to come. Units range from 1,000 to 8,325 square feet with a mix of tenant uses. All tenants are currently paying below market rents under lease agreements that expire at the end of March 2025. These types of large industrial properties rarely hit the open market and provide an opportunity that should not be missed.

FOR SALE DETAILS

PRICE

$7,400,000 USD

PRICE/SF

$180 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

557 & 561 Brunken Ave

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

undefined, Manufacturing, Showroom

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

UTILITIES

Lighting, Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

70

LAND DETAILS

LAND ACRES

2.09

LAND SF

91,040

ZONING

IG

APN/PARCEL ID

002-491-024-000

ASK ABOUT THIS PROPERTY

Greg PiiniPiini RealtyMore Info
831-422-5327

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Greg PiiniPiini RealtyMore Info
831-422-5327

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