CA > Salinas
Salinas, CA 93901,557 Brunken AVE
Salinas, CA 93901,557 Brunken AVE
Salinas, CA 93901,557 Brunken AVE
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John Herkenrath

John Herkenrath

+1(310) 221-2910
$7,400,000
Est. payment /mo
2.09 Acres Lot
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UPDATED:

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

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CRMLS – RECore
Listed by Joe Piini Piini Realty
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"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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