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.
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Listing Snapshot
Price
$7,400,000
Days On Site
176 Days
Bedrooms
N/A
Inside Area (SqFt)
41,070 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
2.09 Acres
Year Built
1972
MLS® Number
ML81991598
Status
Active
Property Tax
$3,436
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Other
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Recent Activity
2 weeks ago
Listing updated with changes from the MLS®
2 weeks ago
Status changed to Active
6 months ago
Listing first seen on site
General Features
Acres
2.09
Additional Property Use
Industrial
Parking Spaces
70
SqFt Total
41070
Water Source
Public
Zoning
IG
Interior Features
Cooling
None
Heating
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Exterior Features
Roof
Metal
Community Features
MLS Area
699 - Not Defined
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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