1576 Sanborn RdSalinas, CA 93905

Property Details for 1576 Sanborn Rd

Year built

2002

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

4.64 AC

Property size (Sq ft)

60,691 SF

Property type

Retail properties

Property subtype

Retail space

APN

153-481-018-000

APU

153481018000

Description

Boronda Plaza, located at 1576 N Sanborn Rd in Salinas, California (zip code 93905), offers exceptional retail space for lease. This Monterey County property boasts a total of 93,071 square feet across two suites. Currently, 3,483 square feet are vacant and available for lease. The property is categorized as commercial retail with multiple tenancies. Individual spaces range from a minimum of 1,500 square feet to a maximum contiguous space of 1,983 square feet, providing flexibility for various business needs. The property's prime location in Salinas offers excellent visibility and accessibility for customers. This presents a unique opportunity for businesses seeking a well-situated retail space in a thriving market. The property is ideal for businesses requiring a space within the specified square footage range. Interested parties are encouraged to inquire about lease terms and availability. The property's address is easily accessible via major roadways, ensuring convenient access for both employees and customers. This retail space in Salinas offers a strong foundation for business growth and success.

• CAP approach

  CAP return

  Valuation

  6%

  $26,716,496

  6.5%

  $24,661,380

  7%

  $22,899,854

• Comparable approach

  Method

  Valuation

  Relative Method

  $42,656,864

  Geo Method

  $42,656,864

• Alternative Use

  Use

  Valuation

  Residential

  $20,802,798

  Hospitality

  $19,055,250

  Educational

  $15,853,745

  Medical

  $16,398,979

  Retail

  $24,661,380

Location Insight

City

Salinas

County

Monterey

State

California

Latitude

36.6931

Longitude

-121.596

CBSA code

41500

CBSA name

SALINAS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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