318 Cayuga St 21,686 SF 100% Leased Office Building Salinas, CA 93901 $5,400,000 ($249.01/SF) 6.35% Cap Rate

318 Cayuga Street presents the opportunity to acquire a fully leased multi-tenant office investment in Salinas, California. The two-story office building contains approximately 20,212 square feet and is situated on an approximately 11,700-square-foot parcel zoned Commercial Office (CO). The property is currently occupied by multiple office users, providing in-place tenancy and immediate income generation. Building features include a reinforced concrete foundation, structural steel frame construction, painted wood-sided exterior walls, suspended acoustical tile ceilings, a passenger elevator serving both floors, multiple HVAC zones, fire and smoke alarm systems, covered parking, and a recently installed solar system.
The property benefits from its South Salinas location within Monterey County's primary commercial and administrative center. Salinas serves as the county seat and regional business hub for the Central Coast, supporting a diverse economy that includes agriculture, healthcare, government services, and manufacturing. The location offers convenient access to Highway 101, one of the region's principal transportation corridors connecting Northern and Southern California. Nearby employers include Salinas Valley Memorial Hospital, Monterey County government offices, and numerous private-sector businesses that contribute to sustained office demand. The property's position near established commercial corridors and professional services further supports its long-term occupancy profile.
The offering combines stabilized occupancy, existing cash flow, and a location within an established office market. With a reported market vacancy below 2% at the time of marketing, the asset provides investors an opportunity to acquire an income-producing office property in one of Monterey County's primary employment and business centers.