557 Brunken Ave Salinas, CA 93901
- Manufacturing properties
- 9,400 SF
- 2.09 lot acres
Current Use by Public Records
- Bettencourt Custom Floors Inc / Flooring Contractor
- Pureserve Building Services / Janitorial Service
- Happy Dog Food / Pet Supply Store
Property Details for 557 Brunken Ave
- Year built
- 1972
- Lot size
- 2.09 lot acres
- Property size
- 9,400 SF
- Property type
- Manufacturing properties
- APN
- 002-491-024-000
- APU
- 2491024000
Description
This exceptional investment opportunity presents a substantial multi-tenant industrial building ideally situated in Salinas' thriving industrial district at 557 & 561 Brunken Avenue. The property encompasses a generous 41,070 square feet of warehouse/industrial space distributed across 18 individual suites, currently occupied by 13 tenants. The expansive 2.09-acre lot provides ample space and potential for future expansion or development. The property is zoned Industrial-General (IG), offering flexibility for a variety of uses. Currently, the building benefits from a diverse tenant mix, with unit sizes ranging from approximately 1,000 to 8,325 square feet. A significant value-add opportunity exists due to below-market rents on existing leases, all of which expire at the end of March 2025. This presents a clear path to increase net operating income and significantly enhance the property's market value. The strategic location within Salinas' industrial core, combined with the substantial size and existing tenancy, makes this a rare and compelling investment prospect in a highly sought-after market. Don't miss this chance to acquire a large-scale industrial property with considerable upside potential. The asking price is $7,400,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Salinas
- County
- Monterey
- State
- California
- Longitude
- -121.64
- Latitude
- 36.6645
- CBSA code
- 41500
- CBSA name
- SALINAS, CA METROPOLITAN STATISTICAL AREA
