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R&D/FLEX BUILDING FOR SALE - Availability Details

312 Abbott St, Salinas, CA 93901

  • For Sale $3,250,000
  • Property Type Industrial - Warehouse/Distribution
  • Building Class C
  • Date Updated Sep 27, 2021
312 Abbott Street in Salinas is a multi-tenant, flex industrial facility divided into 11 separately parceled condominium units plus a small common area for restrooms and electrical meters, currently under single ownership and offered for sale as a single unit investment opportunity. The investor may elect to retain single ownership or sell individual units at their discretion. Several tenants have expressed interest in acquiring their individual units. Units all have separate sub-meters for electrical. The property is located in the central business district within the Monterey County city of Salinas with good access and visibility from Abbott Street.

Sale Note
Units range in size from 1,447 square feet to 3,389 square feet with an average unit size of 1,947 square feet. Current rents are all on a month-to-month basis with long-term tenants. Rents currently range from $0.40 per square foot to $0.81 per square foot with average rents at $0.69 per square foot per month. Based on a recent rent survey current market rents are estimated to be $1.12 per square foot. Tenants are a mix of automotive and other industrial users.
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Location

  • City Salinas, CA
  • Neighborhood Buena Vista
  • Zip Code 93901
  • Market Central Coast

Contacts

broker

Tom de Jong

Colliers International

Contact Listing Broker

broker

Tom de Jong

Colliers International

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