Monterey Commerce Center

Monterey Commerce Center

Monterey

FOR SALE $19,000,000

Monterey Commerce Center, in the Monterey Peninsula’s Ryan Ranch Business Park. The Monterey Commerce Center has three buildings containing approximately 104,000 square feet of first class Office and R & D space. Situated on the Highway 68 corridor, the center has convenient access to both the Monterey Peninsula and Salinas. Prominent entry signage complimented by environmentally-friendly xeriscape landscaping distinguishes the center as the Ryan Ranch’s premier Office and R & D location

  • Approximately 104,000 SF
  • Built circa 1998
  • 3 buildings on 4 building site
    • Two single-story industrial flex buildings
    • One two-story office building
  • Zoning 1-R / Industrial Research and Administration
  • Highway 68 between Monterey and Salinas (less than 3 miles to MRA
  • Framing (wood/metal contcrete tilt), foundations (slab on grade), roofs (single ply TPO and Built-up with cap)
  • Exceptionally well maintained with superior interior finishes
  • Upgraded common areas and landscaping
  • Ample parking (+/-4/1000)
  • Fully conditioned and sprinklered buildings
  • Roll up doors, +++ power with additional capacity
  • Approximately 16′ clear heights (bldg 2 & 3)
  • Significant system upgrades in 2018
  • ADA/site improvements with certification in 2018
  • Average 3-year net operating income 2016-2018 $1,700,000
  • Current project occupancy: 90%
  • Security and controls infrastructure
  • Owners association maintains common areas

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