70 Garden CtMonterey, CA 93940

Property Details for 70 Garden Ct

Year built

1984

Construction

WOOD

Lot size

1.53 AC

Property size (Sq ft)

33,176 SF

Property type

Office properties

Property subtype

Office buildings

APN

013-351-002-000

APU

13351002000

Description

This exceptional 7,074-square-foot executive office space is available for lease in Monterey, California. Located at 70 Garden Court, 93940, this single-tenant property offers a complete and ready-to-occupy solution for businesses seeking a prestigious location. The building boasts ample parking with 22 spaces available for tenants and their guests. The property is situated in Monterey County and provides convenient access to local amenities and transportation routes. The entire 7,074 square feet is currently vacant, presenting a unique opportunity for a business to customize the space to perfectly meet its specific needs. This is an ideal location for a company seeking a prominent presence in the Monterey area. The property type is classified as an office building, specifically an executive office suite, ensuring a high level of professionalism and sophistication. The address is 70 Garden Ct, Monterey, CA 93940. The property's location offers a blend of professional ambiance and convenient access to local resources. This single-tenant occupancy provides privacy and control over the entire space. With its generous square footage and ample parking, this property represents a rare opportunity in the competitive Monterey market. The property is ready for immediate occupancy. Interested parties are encouraged to inquire further to explore this exceptional leasing opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $9,934,863

  6.5%

  $9,170,643

  7%

  $8,515,597

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,253,118

  Geo Method

  $9,253,118

• Alternative Use

  Use

  Valuation

  Residential

  $11,371,597

  Hospitality

  $10,416,322

  Educational

  $8,666,257

  Medical

  $8,964,303

  Retail

  $13,480,845

Location Insight

City

Monterey

County

Monterey

State

California

Latitude

36.5848

Longitude

-121.854

CBSA code

41500

CBSA name

SALINAS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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