557 Brunken Avenue, Salinas, CA 93901
- $7,400,000
- List Price
- $7,400,000
- Status
- ACTIVE
- MLS#
- ML81991598
- Year Built
- 1972
- Lot Size
- 91,040
- Acres
- 2.09
- Days on Market
- 241
- Property Type
- Commercial
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.
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Additional Information
- Taxes
- $3,436
- Cooling
- Yes
- Cooling Description
- None
- Roof
- Metal
- Water
- Public
- Attached Structure
- Detached
- Gross Scheduled Income
- $243,828
Listing courtesy of Listing Agent: Joe Piini (joe@piinirealty.com) from Listing Office: Piini Realty.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.