344 Salinas St, Salinas, CA 93901-2727

This exceptional Class A, two-story office building, located at 344 Salinas St in downtown Salinas, CA, presents a compelling investment opportunity. Boasting 27,660 square feet and a 100% occupancy rate across 16 tenants, including the County of Monterey as its largest tenant, this property offers strong, stable cash flow. The building features 74 on-site parking spaces, supplemented by a nearby city parking garage, and sits on a 12,363 square foot lot. Built in 1976, the property is zoned for commercial office use and currently generates a pro-forma NOI of $349,739, with an asking price of $5,250,000 ($189.90/sq ft). The modified lease structure provides potential for future value-add opportunities through rent increases or lease conversions. The property benefits from a supply-constrained office market and historically low vacancy rates in Salinas, with city-wide office vacancy under 5%. The diverse tenant mix and significant presence of the County of Monterey contribute to the property's exceptional stability and long-term investment potential. Seller financing is available. This is a rare opportunity to acquire a high-performing, multi-tenant office building in a thriving California market.