$7,400,000
( $180.18Per Sq Foot )
$39,725 est/mo Sourced by Back At You557 Brunken Avenue , Salinas, CA 93901
Salinas, CA 93901
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.
Details
| MLS# | ML81991598 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1972 |
| Days On Site | 90 |
| Listing Provided By | Piini Realty 831-422-5327 | Joe Piini |
Features
| SQ Feet | 41,070 |
|---|---|
| Building(s) | 1 |
| Zoning | IG |
| Acreage | 2.09 |
Market Activity 93901
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Learn More About This Property
| State | CA |
|---|---|
| County | Monterey |
| City | Salinas |
| Zip Code | 93901 |
| Area | 699 Not Defined |
| Listing VS Median (In 93901) | |
Price: $7,400,000 low | high Med: $799,250 SqFt: 41,070 low | high Med: 1,560 $ / SqFt: $180 low | high Med: $514 On site: 90 low | high Med: 25.000000 | |
Listing Updated: January 29, 2025 at 4:16:34 PM PST