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1070 Del Monte Blvd 3,152 SF Retail Building Monterey, CA 93940 $1,299,999 ($412.44/SF) 5.54% Cap Rate
Executive Summary
Mahoney & Associates is pleased to present the opportunity
to purchase 1064-1072 Del Monte Avenue in Monterey CA. The
property consists of two parcels, an eleven-space parking lot,
and an approximately 3,152 SF building with one roll-up door.
Home to Bereman Carpet’s since the 1970’s, the property is being
sold with a long-term nnn lease in place.
to purchase 1064-1072 Del Monte Avenue in Monterey CA. The
property consists of two parcels, an eleven-space parking lot,
and an approximately 3,152 SF building with one roll-up door.
Home to Bereman Carpet’s since the 1970’s, the property is being
sold with a long-term nnn lease in place.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,152 SF
Building Class
C
Year Built
1956
Price
$1,299,999
Price Per SF
$412.44
Cap Rate
5.54%
NOI
$72,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.32
Lot Size
0.23 AC
Zoning
C-2
Parking
14 Spaces (4.44 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Bereman Carpets
- Construction
- 3,152 SF
- $1.91
- Triple Net
- May 2031
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Bereman Carpets | Construction | 3,152 SF | $1.91 | Triple Net | May 2031 |
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $442,170 | |
| Land Assessment | $847,926 | Total Assessment | $1,290,096 |
Property Taxes
Parcel Numbers
Land Assessment
$847,926
Improvements Assessment
$442,170
Total Assessment
$1,290,096
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