For Sale
$5,600,000

439 Alvarado StMonterey, CA 93940

High-return investment, two strong tenants.

Overview

Added:
Feb 3
Days on market:
62
This exceptional commercial property, located at 439 Alvarado in Monterey, California, presents a compelling investment opportunity. The 11,111 square foot building sits on a 0.28-acre lot and is currently generating strong income streams from two established tenants. The anchor tenant, a bank, is secured by a 7-year triple net (NNN) lease, providing long-term stability and predictable cash flow. Adding to the property's value, the second-floor tenant is operating under a newly signed 4-year triple net (NNN) lease, further solidifying the investment's potential. This prime Monterey location offers excellent visibility and accessibility, making it an ideal investment for discerning buyers seeking a stable, high-yield commercial property. The building's size and layout provide flexibility for future tenants, should the need arise. The current lease agreements minimize landlord responsibilities, making this a low-maintenance investment with significant upside potential. This is a rare opportunity to acquire a well-leased commercial property in a desirable Monterey location. The asking price of $5,600,000 reflects the property's strong tenant occupancy, favorable lease terms, and prime location. Serious inquiries are encouraged.

Property Details for 439 Alvarado St

Property type
Square Feet
11,111 SF
Year Built
1942
Lot Size (sq. ft)
12,197 SF

Location Insight

City
Monterey
County
Monterey
State
California
Latitude
36.59908
Longitude
-121.8944
439 Alvarado St, Monterey, California

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439 Alvarado St
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