8
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$7,400,000
Est. payment /mo
2.09 Acres Lot
Active
557 Brunken AVE Salinas, CA 93901
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UPDATED:
01/29/2025 11:35 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML81991598
HOA Y/N No
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
Fireplace No
Exterior
Roof Type Metal
Present Use Industrial
Total Parking Spaces 70
Building
Water Public
Others
Tax ID 002491024
Listed by Joe Piini • Piini Realty