2959 Monterey Salinas Hwy
Monterey, CA 93940

Cushman & Wakefield, as exclusive marketing advisor, is pleased to present to qualified buyers the unique opportunity to acquire a fee interest in 2959 Monterey Salinas Highway in Monterey, California. The Property consists of an architecturally unique “Cannery Row” style office building containing 75,531 gross square feet on 5.95 acres. The acquisition includes 0.534 acres of leased land from the Monterey Peninsula Airport District providing on additional 46 parking spaces for the Property. 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.