One Plant Salinas Retail Investment 9 CAP | 10031 Reese Cir
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One Plant Salinas Retail Investment 9 CAP 10031 Reese Cir
7,200 SF Retail Building Salinas, CA 93907 $3,007,000 ($418/SF) 9.28% Cap Rate
Investment Highlights
- Building and existing FF&E are in good condition
- Centrally located in Monterey County near major-trade markets
- Tenant signage visible from US Hwy.
- Robust tenant sales
- Monthly sales are approx. $240,000 / 100 customers per day
Executive Summary
Colliers, as exclusive advisor to the Seller, is pleased to present the opportunity to acquire the fee-simple interest in the Property known as 10031 Reese Circle in the city of Salinas, California. The Property boasts an excellent location, on over 1 acre, with excellent branding
and identity visible from the US Hwy. 101, the main artery of Monterey County. There is ample parking in both the front and back of the building, two loading bay doors, and a large storage warehouse . This is a rare investment opportunity with a single tenant leased asset
with strong sales and a loyal customer base. The Property is part of a 6 Property Portfolio and can be acquired separately or as part of the Portfolio.
The 7,200 SF Property is highly visible from US Hwy. 101 Freeway and in close proximity to the cities of Santa Cruz to the North and Monterey to the South. The Property is a well maintained, single story commercial building in good condition, with over 200 AMPS of power and recent, significant improvements throughout including brand new HVAC systems.
and identity visible from the US Hwy. 101, the main artery of Monterey County. There is ample parking in both the front and back of the building, two loading bay doors, and a large storage warehouse . This is a rare investment opportunity with a single tenant leased asset
with strong sales and a loyal customer base. The Property is part of a 6 Property Portfolio and can be acquired separately or as part of the Portfolio.
The 7,200 SF Property is highly visible from US Hwy. 101 Freeway and in close proximity to the cities of Santa Cruz to the North and Monterey to the South. The Property is a well maintained, single story commercial building in good condition, with over 200 AMPS of power and recent, significant improvements throughout including brand new HVAC systems.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,200 SF
Building Class
B
Year Built
2000
Price
$3,007,000
Price Per SF
$418
Cap Rate
9.28%
NOI
$279,112
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.02 AC
Zoning
Commercial - Commercial
Parking
2.08 Spaces per 1,000 SF Leased
Amenities
- Signage
PROPERTY TAXES
| Parcel Number | 125-022-024-000 | Improvements Assessment | $1,093,645 |
| Land Assessment | $2,187,291 | Total Assessment | $3,280,936 |
PROPERTY TAXES
Parcel Number
125-022-024-000
Land Assessment
$2,187,291
Improvements Assessment
$1,093,645
Total Assessment
$3,280,936
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One Plant Salinas Retail Investment 9 CAP | 10031 Reese Cir
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