For Sale
$7,400,000

557 Brunken AveSalinas, CA 93901

Multi-tenant industrial building, high ROI potential.

Overview

Added:
Feb 3
Days on market:
62
This exceptional investment opportunity presents a substantial multi-tenant industrial building ideally situated in Salinas' thriving industrial district at 557 & 561 Brunken Avenue. The property encompasses a generous 41,070 square feet of warehouse/industrial space distributed across 18 individual suites, currently occupied by 13 tenants. The expansive 2.09-acre lot provides ample space and potential for future expansion or development. The property is zoned Industrial-General (IG), offering flexibility for a variety of uses. Currently, the building benefits from a diverse tenant mix, with unit sizes ranging from approximately 1,000 to 8,325 square feet. A significant value-add opportunity exists due to below-market rents on existing leases, all of which expire at the end of March 2025. This presents a clear path to increase net operating income and significantly enhance the property's market value. The strategic location within Salinas' industrial core, combined with the substantial size and existing tenancy, makes this a rare and compelling investment prospect in a highly sought-after market. Don't miss this chance to acquire a large-scale industrial property with considerable upside potential. The asking price is $7,400,000.

Property Details for 557 Brunken Ave

Property type
Square Feet
41,070 SF
Year Built
1972
Lot Size (sq. ft)
91,040 SF

Location Insight

City
Salinas
County
Monterey
State
California
Latitude
36.66445
Longitude
-121.6395
557 Brunken Ave, Salinas, California

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
557 Brunken Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message