$5,250,000.00

For Sale | DOWNTOWN SALINAS MULTI-TENANT LEASED INVESTMENT

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

Details

Price : $5,250,000.00
Cap Rate : 6.7%
Address : 344 Salinas St.
City : Salinas
State : CA
Zip Code : 93901
Latitude : 36.6722619
Longitude : -121.6560854
Property Type : Office
Purpose : Sell
Building Size : ±27,660 SF
Lot Size : ±12,363 SF
Zoning : Commercial Office
Property ID : 6915

Attachments

Find on Map

Chris Tonini
DRE#02088036
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Ian Jones
DRE# 02165792
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CONTACT US

Phone: (831) 646-1919
Fax: (831) 646-1115
Email Us: [email protected]

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