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Medical Office Condo Opportunity
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900 Cass St, Monterey, CA 93940

Purchase two medical office condos, with Suite 101 delivered vacant and Suite 102 delivered leased.

Property Size1,425 SF
Price / SF$701.75
Days on Market744

Property Features for 900 Cass St

General Information

Standard status Active
Size 1,425 SF
Property subtype OFFICE
Listing Agency: Mahoney & Associates Commercial Real Estate
Listed By: Ryan C. Edwards · License #CA 01403313
Source: Moodyscre
Added: Aug 30, 2024 Changed: Aug 20 Last Checked: Sep 12 at 10:22AM

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 Commercial Real Estate

Investment Insights

Based on property information with market context.

Mahoney & Associates is pleased to offer the opportunity to purchase two medical office condos at 900 Cass Street in Monterey. Suite 101 will be delivered vacant at close of escrow, while Suite 102 will be delivered with a lease in place at close of escrow. The units are in a complex where condos rarely come available and feature upgraded Class A finishes.

The property is located in the heart of the Cass Street medical area and is close to downtown Monterey.

Key Highlights

  • Two medical office condo units at 900 Cass Street in Monterey
  • Suite 101 delivered vacant at close of escrow
  • Suite 102 delivered with a lease in place at close of escrow

Property Analytics

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Current Use

The Monterey Program for Executive ... Hospital Dr. James E. ... Physician Abc Eye Care Ophthalmologist James E Ramseur, ... Physician Monterey Joint Replacement ... Medical Clinic

Suggested Use

Top Pick HVAC Service Barber Shop Storage Facility (Bike/Boat/Book/etc) Store Furniture & Home Goods Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,797
Businesses Nearby
Balanced
Demand for This Use

Demographics for 93940, CA

30,454
Population
15,451
Households
2
Avg Household Size
43
Median Age
54%
College-Educated
94%
High-School Grad
35.1 sq mi
ZIP Area
868
Density / Sq Mi
$110,669
Median Household Income
$62,711
Median Earnings
$2,305
Median Rent
$1,039,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Purchase two medical office condos, with Suite 101 delivered vacant and Suite 102 delivered leased.
Where is this medical office space located?
The property is located at 900 Cass St Monterey, CA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Two medical office condo units at 900 Cass Street in Monterey; Suite 101 delivered vacant at close of escrow; Suite 102 delivered with a lease in place at close of escrow
(831) 646-1919 Call to check price and availability
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