17539 Vierra Canyon RdSalinas, CA 93907

Property Details for 17539 Vierra Canyon Rd

Year built

1989

Lot size

3.36 AC

Property size (Sq ft)

35,722 SF

Property type

Retail properties

Property subtype

Community centers

APN

125-171-048-000

APU

125171048000

Description

This exceptional investment opportunity presents the Prunetree Shopping Center, a multi-tenant retail and office property ideally situated at 17539 Vierra Canyon Rd in Prunedale, California, within Monterey County (zip code 93907). The center boasts a strong neighborhood presence, anchored by prominent national tenants Safeway and CVS, ensuring consistent foot traffic and established brand recognition. Classified as a traditional office and multi-tenant shopping center, this property offers a diverse range of leasing opportunities. The property's location in Salinas, CA, provides convenient access to a thriving community. The precise property subtype is Traditional Office, making it suitable for a variety of businesses. The multiple tenancy structure allows for a diversified income stream and potential for future growth. This is a prime opportunity to acquire a well-established retail and office center in a desirable location within Monterey County. The property's address is 17539 Vierra Canyon Rd, Prunedale, CA 93907, with GPS coordinates of 36.7936036 latitude and -121.6658913 longitude. Further details regarding the specific lease terms and financial information are available upon request. This is a rare chance to invest in a stable and successful commercial property in a growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $15,725,011

  6.5%

  $14,515,395

  7%

  $13,478,581

• Comparable approach

  Method

  Valuation

  Relative Method

  $25,107,322

  Geo Method

  $25,107,322

• Alternative Use

  Use

  Valuation

  Residential

  $12,244,279

  Hospitality

  $11,215,694

  Educational

  $9,331,325

  Medical

  $9,652,244

  Retail

  $14,515,395

Location Insight

City

Salinas

County

Monterey

State

California

Latitude

36.7933

Longitude

-121.666

CBSA code

41500

CBSA name

SALINAS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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