For Sale | Multi-Tenant Flex Industrial Space | 312 Abbott St., Salinas, CA

Improved Cap Rate at 6.33% — Mahoney & Associates is pleased to offer for sale 312 Abbott St. in Salinas, CA. The subject property benefits from a condominium map that contains 12 separate APNs held under a single ownership and being sold as a combined set. The tenant roster contains a mix of auto repair/detail uses and other light industrial uses as well as a permitted automotive paint booth. The units range in size from ±1,447 SF to ±3,389 SF. There are on-site his and hers common area restrooms and ±56 off street parking spaces. Each of the tenants’ leases were recently renewed with rents brought up to market rate. Salinas and the surrounding Monterey County area is subjected to a severe lack of small, light industrial space available for lease, providing the future Landlord with excellent tenant demand for space to lease.


Price : $5,295,000.00
Cap Rate : 6.33%
Address : 312 Abbott St.
City : Salinas
State : CA
APN : 002-474-001 (through 012)
Property Type : Industrial
Secondary Type : Flex
Purpose : Sell
Building Size : ± 21,738 SF
Lot Size : ± 45,807 SF
Zoning : Mixed Use
Property ID : 6566


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