2959 Monterey Salinas Hwy

Cushman & Wakefield, as the exclusive advisor, is pleased to present the opportunity to Lease or Acquire the 100% fee simple interest in 2959 Monterey-Salinas Highway, in Monterey, CA (“the Property”), a 75,531 square foot Office Owner/User/Investment opportunity located in highly desirable submarket of Monterey, California. The Property is truly a one-of-a-kind asset located in Monterey near the Monterey Regional Airport. The Property has direct access to Highway 68 which connects to Highway 1 to the west and Highway 101 to the east.

The Property is located at 2959 Monterey-Salinas Highway in Monterey, California. Monterey is in the northwestern portion of Monterey County, approximately 120 miles south of San Francisco and 65 miles southwest of San Jose. The County’s two major economic generators are agriculture and tourism. The City of Monterey benefits from a location along the Monterey Peninsula, and it affords its residents with a relaxed lifestyle while providing numerous attractions for visitors and tourists from around the world.

The Property is 39% leased to Dole Fresh Vegetables, Inc. (“Dole”) through April 30, 2025, and is the divisional Headquarters for Dole. It houses the company’s executive offices, finance and accounting and sales and marketing operations. The location was chosen because of its strategic proximity to the Company’s farming, production and processing operations in Monterey and Sante Cruz counties. This is an incredible opportunity for an owner/user buyer to purchase what may be the most beautiful and unique office building on the California Central Coast at 35% of its replacement cost. It also offers an investor buyer the opportunity to reposition the Property to create future
upside potential. The Property is conveniently located on Hwy 68 adjacent to the Monterey Airport with easy access to the balance of the Monterey Peninsula and the Salinas Valley.