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    Climate-Controlled Industrial Facility in Salinas Title is generated by Realmo AI

    20800 Spence Rd, Salinas, CA 93908

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    42,519 SF climate-controlled industrial facility on 5 acres.

    Type:Industrial
    Property size:
    42,519 SF
    Lot size:
    5.00 Acres
    Price / SF:
    $117/SF
    Added:
    Jan 29, 2026
    Days on Market:
    159
    Last Refresh:
    Jul 5 at 5:39 am

    Property Features for 20800 Spence Rd

    General Information

    Standard status
    Active
    Size
    42,519 SF
    Lot size
    5.00 Acres
    Property subtype
    Industrial

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    Patrick Stafford
    Patrick Stafford

    Listing office Mahoney & Associates

    Listing date Jan 29, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Mahoney & Associates

    HighLights

    • ±42,519 SF climate‑controlled industrial facility ideal for cold storage and specialized industrial uses
    • Located on a ±5‑acre, fully fenced site with ample parking
    • Features impressive 32’ clear heights and 10 dock‑high loading bays
    • Equipped with 5,000+ amps of 3‑phase power and a dedicated 2,000 kVA transformer
    • Includes extensive security systems
    • Zoned HI / B‑5 (Industrial) and conveniently located near Highway 101

    Overview

    The property located at 20800 Spence Rd., Salinas, CA, is a climate-controlled industrial facility with ±42,519 square feet. Situated on a ±5-acre, fully fenced site, the property consists of four buildings. It features 32’ clear heights, 10 dock-high loading bays, extensive security systems, and ample parking. The facility is equipped with 5,000+ amps of 3-phase power and a dedicated 2,000 kVA transformer. It also includes dry rooms, and HVAC and electrical infrastructure designed for cold storage and specialized industrial uses. The property is zoned HI / B-5 (Industrial) and is conveniently located near Highway 101, offering excellent access and operational flexibility for a wide range of industrial users.

    Local Financial Insights For Warehouse

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $561.3k $13.20
    − Vacancy −$33.7k −$0.79
    EGI $527.6k $12.41
    − OpEx −$79.1k −$1.86
    NOI $448.4k $10.55
    42,519 SF · lease $13.20/SF/yr · vacancy 6.00% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $6.41M
    $5.61M – $7.47M (±1% cap)
    NOI $448,439 @ 7.0% cap · market cap 8.97%
    Second Best
    Industrial
    $5.71M
    $4.99M – $6.66M (±1% cap)
    NOI $399,447 @ 7.0% cap · market cap 7.99%
    Theoretical Best
    Office A
    $13.39M
    $11.71M – $15.62M (±1% cap)
    NOI $937,187 @ 7.0% cap · market cap 18.74%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Avery Consultation, Inc Furniture & Home Goods

    Suggested Use

    Carpet & Flooring Store Parking Lot & Garage Gym & Fitness Center Dental Office Restaurant Auto Parts Store Department Store Food Market Building Supply Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salinas
    County
    Monterey
    State
    California
    Longitude
    -121.5638191
    Latitude
    36.6160812

    FAQs

    What type of property is this?
    Warehouse - 42,519 SF climate-controlled industrial facility on 5 acres.
    Where is this warehouse located?
    The property is located at 20800 Spence Rd Salinas, CA.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: ±42,519 SF climate‑controlled industrial facility ideal for cold storage and specialized industrial uses; Located on a ±5‑acre, fully fenced site with ample parking; Features impressive 32’ clear heights and 10 dock‑high loading bays
    (831) 238-3592 Call to check price and availability
    More about this property
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