312 Abbott St Salinas, CA 93901

This exceptional investment opportunity presents a 21,738-square-foot multi-tenant flex industrial property located at 312 Abbott Street in Salinas, California. The property consists of twelve individual units, ranging in size from approximately 1,447 square feet to approximately 3,389 square feet, all situated on a 45,807-square-foot lot. Currently operating at 100% occupancy, the property boasts a strong 6.33% cap rate and a price per square foot of $243.58. The asking price for the entire portfolio is $5,295,000, or $441,250 per unit. The property features a mix of automotive repair/detail businesses and other light industrial tenants, including a permitted automotive paint booth. Convenient amenities include shared restrooms and approximately 56 off-street parking spaces. Each tenant's lease has been recently renewed at market rates. The property is zoned for mixed-use and benefits from a condominium map with twelve separate APNs held under single ownership. The Salinas and Monterey County area experiences a significant shortage of available small, light industrial space, ensuring strong future tenant demand and rental income. This turnkey investment offers a compelling opportunity to acquire a well-maintained, high-performing industrial portfolio in a thriving market. The property's APN is 002-474-001 (through 012). The property is a single-story building.