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    OFF-MARKET
    Land

    0 Monterey County, Spence, CA 93908

    40,000 SF 5 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 5-acre industrial property in Salinas, Monterey County, California (zip code 93908) presents a unique investment opportunity. The property boasts a total of 40,000 square feet of vacant industrial space spread across three existing buildings, making it ideal for a variety of manufacturing or agricultural uses. The site is perfectly situated within California's thriving agricultural hub, offering easy access to transportation networks and a skilled workforce. The property features robust power infrastructure, with 4,000 amps available to support high-demand operations, ensuring ample capacity for energy-intensive processes. The single-tenant occupancy allows for complete control and customization of the space to meet specific operational needs. This turnkey facility is ready for immediate occupancy, eliminating the need for extensive renovations or construction. Its location in Monterey County provides access to a rich agricultural landscape and established supply chains, making it an attractive location for businesses in the food processing, cold storage, or third-party logistics (3PL) sectors, as well as hemp or cannabis cultivation and processing. The property's substantial size and versatile layout offer significant potential for expansion and growth. This is a rare opportunity to acquire a well-equipped, strategically located industrial property in one of California's most productive agricultural regions.

    Property profile
    Verified
    Property type Land
    Total area 40,000 SF
    Lot 5 ac (217,800 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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