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Monte Vista Professional building 31 Soledad Dr 9,099 SF 65% Leased Office Building Monterey, CA 93940 $1,990,000 ($218.71/SF)
Investment Highlights
- Desirable frontage, with an estimated 15,257 ADT
- 3 established tenants - all with NNN leases
- Opportunity for rental increases over term
- Very central location for access to Salinas, Carmel or Monterey
- Available parking
- Portion building available for owner-user
Executive Summary
Mahoney & Associates is pleased to present to the market 31 Soledad Dr., in Monterey, CA. The property consists of a 2-story building totaling +/- 9,099 SF, with 4 separate units. The building sits on a 6,800 SF lot with great visibility from Soledad Dr., a major road in Monterey that sees 15,257 cars/day and has easy access to Highway 1, 68, and the surrounding communities. Zoning is C-1, allowing for many uses serving the daily needs of nearby residences. Opportunities exist for an owner-user requiring immediate space.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
9,099 SF
Building Class
C
Year Built
1966
Price
$1,990,000
Price Per SF
$218.71
Percent Leased
65%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,550 SF
Slab To Slab
8’
Building FAR
1.39
Lot Size
0.15 AC
Zoning
C1 - C-1 (Neighborhood Commercial District)
Parking
7 Spaces (0.77 Spaces per 1,000 SF Leased)
Amenities
- Signage
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 2nd Fl-Ste 33
- 3,200 SF
- Office
- -
- Now
| Space | Size | Space Use | Build-Out | Available |
| 2nd Fl-Ste 33 | 3,200 SF | Office | - | Now |
2nd Fl-Ste 33
| Size |
| 3,200 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
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Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 001-881-034-000 | Improvements Assessment | $1,547,057 |
| Land Assessment | $512,976 | Total Assessment | $2,060,033 |
Property Taxes
Parcel Number
001-881-034-000
Land Assessment
$512,976
Improvements Assessment
$1,547,057
Total Assessment
$2,060,033
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