Mahoney & Associates is proud to present to the market the opportunity to acquire an attractive 2 story office building located at Mid Carmel Valley. The property is located directly across from the Safeway anchored Mid Valley shopping center. Located between Carmel and Carmel Valley Village, the Mid Valley area is home to many businesses and offices serving not only Carmel Valley, but also the greater peninsula. Due to water constraints, there is only a limited amount of existing office space in this area, thus tenants tend to have limited options in this market area, keeping vacancies low.

Of the 6 existing tenants, all are currently on a month to month tenancies. Sizes of office suites range from 373 square feet and up. One tenant, Carmel Valley Medical has been a tenant in the building since 2003, and occupies 1,429 SF on the ground floor, in addition to their rental of a storage space, representing a total of 1,722 square feet.

PROPERTY HIGHLIGHTS

• The property has been well maintained, and grounds are attractively landscaped
• Rents are gross, spaces are individually metered and tenants pay gas and electric
• Rents are below market
• Common restrooms for each floor
• Central location in Carmel Valley
• Close proximity to all services
• Stable tenancies
• All tenants are on short-term leases, providing opportunity for owner-user
• 13 Parking spaces
• LC-D-S-RAZ Zone: “Light Commercial with Design Approval and Site Plan Review, Residential Allocation Zone”