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557 & 561 Brunken Ave 557 Brunken Ave 41,070 SF 100% Leased Industrial Building Salinas, CA 93901 $7,400,000 ($180.18/SF)

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INVESTMENT HIGHLIGHTS

Large multi-tenant industrial building
Value add opportunity
All tenants are currently paying below market rents under lease agreements

Freestanding warehouse building
approximately 41,070 square feet of industrial/warehouse space on a 2.09 acre lot.
In heart of Salinas' industrial district

EXECUTIVE SUMMARY

557 & 561 Brunken is a large multi-tenant industrial building consisting of approximately 41,070 square feet of industrial/warehouse space on a 2.09 acre lot in the heart of Salinas' industrial district. Zoned Industrial-General (IG) and currently divided into 18 suites occupied by 13 tenants, this property is primed for value-add strategies to maximize net operating income and increase market value for years to come. Units range from 1,000 to 8,325 square feet with a mix of tenant uses. All tenants are currently paying below market rents under lease agreements that expire at the end of March 2025. These types of large industrial properties rarely hit the open market and provide an opportunity that should not be missed.

Brunken Avenue Brochure

PROPERTY FACTS Under Contract

Price	$7,400,000	Lot Size	2.09 AC
Price Per SF	$180.18	Rentable Building Area	41,070 SF
Sale Type	Investment	No. Stories	1
Sale Condition	Deferred Maintenance	Year Built/Renovated	1972/1979
Property Type	Industrial	Parking Ratio	1.7/1,000 SF
Property Subtype	Warehouse Flex Light Manufacturing Industrial Manufacturing Showroom	Clear Ceiling Height	16’
Building Class	C	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 - The IG district provides for the full range of manufacturing, industrial processing, general service, and distribution uses.

Price	$7,400,000
Price Per SF	$180.18
Sale Type	Investment
Sale Condition	Deferred Maintenance
Property Type	Industrial
Property Subtype	Warehouse Flex Light Manufacturing Industrial Manufacturing Showroom
Building Class	C
Lot Size	2.09 AC
Rentable Building Area	41,070 SF
No. Stories	1
Year Built/Renovated	1972/1979
Parking Ratio	1.7/1,000 SF
Clear Ceiling Height	16’
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 - The IG district provides for the full range of manufacturing, industrial processing, general service, and distribution uses.