557 Brunken AVE Active

Salinas,CA 93901

$ 7400000

- Bed

0 Bath

- SqFt


Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML81991598

Year Built 1972

Annual Tax Amount $3,436

Lot Size 2.090 Acres

Property Description

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.

Location

State CA

County Monterey

Area 699 - Not Defined

Zoning IG

Interior

Cooling None

Exterior

Roof Type Metal

Building

Water Public

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