About 557 Brunken Ave
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.
Features of 557 Brunken Ave
| MLS® # | ML81991598 |
|---|---|
| Price | $7,400,000 |
| Square Footage | 41,070 |
| Square Footage | Other |
| Acres | 2.09 |
| Year Built | 1972 |
| Type | Common Interest |
| Sub-Type | Commercial Property |
| Status | Active |
Community Information
| Address | 557 Brunken Ave |
|---|---|
| Area | Industrial |
| City | SALINAS |
| County | Monterey |
| State | CA |
| Zip Code | 93901 |
Amenities
| Utilities | Public Utilities |
|---|---|
| Parking Spaces | 70 |
| Is Waterfront | No |
Interior
| Heating | Gas Heat |
|---|---|
| Cooling | No Cooling |
| Fireplace | No |
Exterior
| Roof | Metal Roof |
|---|---|
| Foundation | Concrete Slab |
Additional Information
| Zoning | IG |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Joe Piini |
|---|---|
| Office | Piini Realty |
| Contact Info | 831-422-5327 |