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Executive Summary

Cushman & Wakefield and Mahoney & Associates are pleased to present to the market a 17,672 SF multitenant Class A office building located in South Salinas. The offering is an opportunity for an owner/user or investor to purchase a recently updated office building in an office market with less than 2% vacancy. This two-story office building is well located in Salinas with covered gated parking.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
17,672 SF
Building Class
B
Year Built
1982
Price
$4,875,000
Price Per SF
$275.86
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,836 SF
Building FAR
0.75
Lot Size
0.54 AC
Zoning
CO
Parking
45 Spaces (2.55 Spaces per 1,000 SF Leased)

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Anthony Lombardo & Associates Inc
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • -
  • Armstrong Sandhill Ranch LLC
  • Agriculture, Forestry, Fishing and Hunting
  • -
  • -
  • -
  • -
  • Bianchi Kasavan & Pope
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • -
  • Finance and Insurance
  • -
  • -
  • -
  • -

Newrez began as New Penn Financial, a mortgage lender founded in 2008, and later adopted the Newrez name after an acquisition by New Residential Investment Corp. in 2018. The company operates as a residential mortgage lender and servicer, with lending channels that include retail, wholesale, correspondent, and consumer-direct, alongside products for purchase, refinance, and home equity needs. Newrez also combines origination and servicing capabilities within a broader platform built to support homeowners through the loan lifecycle, and recent company materials describe a nationwide market presence with a focus on customer service and technology-supported processes.

  • Cook Brown LLP
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • -
  • Foundation-Mntry County Fr
  • Public Administration
  • -
  • -
  • -
  • -
  • Professional, Scientific, and Technical Services
  • -
  • -
  • Modified Gross
  • Mar 2029

Gemini Legal began in 2004 as a legal document discovery business founded in Visalia, California, and later grew into a broader legal support company. Gemini Legal now focuses on records retrieval, subpoena and copy services, e-filing, court services, service of process, skip tracing, and case preparation tools for law firms. The company also provides a client portal and publication resources that support workflow and case management. Gemini Legal serves the legal services market with software, operational support, and information products designed for attorneys and litigation teams.

  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • -

Founded in 1974, Harris & Associates provides civil engineering and construction management services. The company serves municipal, water, transportation, and education sectors. They offer planning, design, environmental compliance, and funding solutions. With a staff of employee-owners across the West Coast, Harris focuses on sustainable infrastructure projects.

  • North American Mental Health Services, Inc.
  • Health Care and Social Assistance
  • -
  • $25.20
  • Full Service
  • -
  • Reinhardt Advisery Service
  • Finance and Insurance
  • -
  • -
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Anthony Lombardo & Associates Inc Professional, Scientific, and Technical Services - - - -
Armstrong Sandhill Ranch LLC Agriculture, Forestry, Fishing and Hunting - - - -
Bianchi Kasavan & Pope Professional, Scientific, and Technical Services - - - -
Finance and Insurance - - - -
Cook Brown LLP Professional, Scientific, and Technical Services - - - -
Foundation-Mntry County Fr Public Administration - - - -
Professional, Scientific, and Technical Services - - Modified Gross Mar 2029
Professional, Scientific, and Technical Services - - - -
North American Mental Health Services, Inc. Health Care and Social Assistance - $25.20 Full Service -
Reinhardt Advisery Service Finance and Insurance - - - -
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
002-332-026-000
Land Assessment
$597,358
Improvements Assessment
$2,702,343
Total Assessment
$3,299,701
  • Listing ID: 40165873

  • Date on Market: 4/15/2026

  • Last Updated:

  • Address: 450 Lincoln Ave, Salinas, CA 93901

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