Property profile

70 Gdn Ct Monterey, CA 93940

OFF-MARKET
Office buildings
Property ID
US09-0817001
33,176 SF 1.53 ac lot Built 1984
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 7,074-square-foot executive office space is available for lease in Monterey, California. Located at 70 Garden Court, 93940, this single-tenant property offers a complete and ready-to-occupy solution for businesses seeking a prestigious location. The building boasts ample parking with 22 spaces available for tenants and their guests. The property is situated in Monterey County and provides convenient access to local amenities and transportation routes. The entire 7,074 square feet is currently vacant, presenting a unique opportunity for a business to customize the space to perfectly meet its specific needs. This is an ideal location for a company seeking a prominent presence in the Monterey area. The property type is classified as an office building, specifically an executive office suite, ensuring a high level of professionalism and sophistication. The address is 70 Garden Ct, Monterey, CA 93940. The property's location offers a blend of professional ambiance and convenient access to local resources. This single-tenant occupancy provides privacy and control over the entire space. With its generous square footage and ample parking, this property represents a rare opportunity in the competitive Monterey market. The property is ready for immediate occupancy. Interested parties are encouraged to inquire further to explore this exceptional leasing opportunity.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1984
Construction WOOD
Total area 33,176 SF
Lot 1.53 ac (66,429 SF)
APN 013-351-002-000
UPID US09-0817001

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Electric Utility Company
  • Electric Utility Company
  • Charitable Organization Social Service Agency

Location

70 Gdn Ct Monterey, CA 93940-5342
Monterey metro Census 13300 SALINAS, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$9.35M
CAP Approach CAP
$7.65M
Comparable Approach Comparable
$6.95M
Blend (final) Blend
$7.48M

Owner & transaction history

since 2023
Last sale
$5.8M
7 recorded transactions
2023
$5.8M
2023
Price N/A
2019
Price N/A
2017
Price N/A
2016
Price N/A
2014
$5.8M
2009
$3.3M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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