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Owner/User Multi-Tenant Investment Building 991 Cass St 3,444 SF Office Building Monterey, CA 93940 $1,295,000 ($376.02/SF)
EXECUTIVE SUMMARY
Mahoney & Associates is pleased to present to the market a ±3,444 SF medical and professional office building for sale on Cass Street near downtown Monterey. The subject property consists of 3 units: 991 Cass Street is leased to a medical tenant with a lease expiration of April 2027; 993 Cass Street is vacant; and 995 Cass Street is leased to a wellness spa with a lease expiration of June 2026. The property has a well maintained parking lot with 18 spaces (ratio of 5 per 1,000 square feet).
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
3,444 SF
Building Class
C
Year Built
1980
Price
$1,295,000
Price Per SF
$376.02
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,444 SF
Slab To Slab
8’
Building FAR
0.36
Lot Size
0.22 AC
Zoning
C-2
Parking
8 Spaces (2.32 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
1 1
Walk Score®
Very Walkable (82)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $457,420 | |
| Land Assessment | $888,285 | Total Assessment | $1,345,705 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$888,285
Improvements Assessment
$457,420
Total Assessment
$1,345,705
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Owner/User Multi-Tenant Investment Building | 991 Cass St
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