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1360-1366 Burton Ave 20,054 SF Industrial Building Salinas, CA 93901 $3,600,000 ($179.52/SF) 4.57% Cap Rate

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Investment Highlights

Lots of storage space, five truck bays, multiple office spaces, possible division of building

Executive Summary

Great opportunity to own a Commercial parcel sitting on 1.21 acres and consists of two large buildings with a total square footage of 15,028. Property originally was built and used by Salinas Steel Erectors and then was sold to current owner and used as a forklift company ever since. There are four meters on the property with two being in current service. Possible division of building to create more rentals.There are lots of open spaces and several offices along with five large roll up doors. Tall ceilings create endless opportunities. There are three bathrooms, one in the building to the right and two for the one on the left. Metal roofing with some roofing replaced in recent past. Unique opportunity to own a large property in the heart of Salinas commercial / industrial area.

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Property Facts

Price	$3,600,000	Rentable Building Area	20,054 SF
Price Per SF	$179.52	No. Stories	2
Sale Type	Investment or Owner User	Year Built	1971
Cap Rate	4.57%	Tenancy	Single
Property Type	Industrial	Parking Ratio	1.2/1,000 SF
Property Subtype	Warehouse Industrial Service	Clear Ceiling Height	20’
Building Class	B	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size	1.21 AC
Zoning	IG

Price	$3,600,000
Price Per SF	$179.52
Sale Type	Investment or Owner User
Cap Rate	4.57%
Property Type	Industrial
Property Subtype	Warehouse Industrial Service
Building Class	B
Lot Size	1.21 AC
Rentable Building Area	20,054 SF
No. Stories	2
Year Built	1971
Tenancy	Single
Parking Ratio	1.2/1,000 SF
Clear Ceiling Height	20’
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	IG

Fenced Lot

Mezzanine

Storage Space

Perimeter Security Fence

K-Lift Svc Co Inc
-
99,999 SF
-
-

Tenant	Industry	SF Occupied	Rent/SF			Lease End
K-Lift Svc Co Inc	-	99,999 SF	-			-

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Fairly walkable

40/100

Very drivable

80/100

Limited public transit

20/100

Somewhat bikeable

30/100

Source: Local Logic^®

Property Taxes

Parcel Number	177-141-022-000	Improvements Assessment	$719,002
Land Assessment	$324,983	Total Assessment	$1,043,985

Property Taxes

Parcel Number

177-141-022-000

Land Assessment

$324,983

Improvements Assessment

$719,002

Total Assessment

$1,043,985

(831) 455-2052

Contact

Bill Backus
Backus Properties

Listing ID: 39975603
Date on Market: 3/31/2026
Last Updated:
Address: 1360-1366 Burton Ave, Salinas, CA 93901

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