557 Brunken Avenue

Salinas, CA 93901

$7,400,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1972

calendar_month Built

Property Description

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.

Listing Information

List Price $7,400,000
Status Active
MLS ML81991598
HOA $0
Type Commercial
Year Built 1972
Lot Size 91,040
Structure Size N/A
DOM 5
Courtesy Of Piini Realty
Listing Agent Joe Piini DRE#01889295

Interior Features

Total Bedroom
Bedrooms N/A
Cooling Type
Cooling Type None

Maps

Listing information courtesy of: Joe Piini, Piini Realty 831-422-5327. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 29th, 2025 at 11:35 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.