318 Cayuga St - Office FOR SALE


Salinas, CA 93901- Greater Salinas
$5,400,000 USD
831-755-1639
318 Cayuga St, Salinas, CA for Sale
$5,400,000 USD
Office - FOR SALE
1/10
null | 6.35% Cap Rate

318 Cayuga St
Salinas, CA 93901
Greater Salinas


HIGHLIGHTS

  • Fully leased multi-tenant office investment with in-place income.
  • Two-story office building positioned in South Salinas.
  • Recently installed solar system supports building operations.
  • Elevator service provides access to both floors.
  • Located near Highway 101 and regional employment centers.
  • Zoned Commercial Office (CO) and configured for professional users.

OVERVIEW

318 Cayuga Street presents the opportunity to acquire a fully leased multi-tenant office investment in Salinas, California. The two-story office building contains approximately 20,212 square feet and is situated on an approximately 11,700-square-foot parcel zoned Commercial Office (CO). The property is currently occupied by multiple office users, providing in-place tenancy and immediate income generation. Building features include a reinforced concrete foundation, structural steel frame construction, painted wood-sided exterior walls, suspended acoustical tile ceilings, a passenger elevator serving both floors, multiple HVAC zones, fire and smoke alarm systems, covered parking, and a recently installed solar system. The property benefits from its South Salinas location within Monterey County's primary commercial and administrative center. Salinas serves as the county seat and regional business hub for the Central Coast, supporting a diverse economy that includes agriculture, healthcare, government services, and manufacturing. The location offers convenient access to Highway 101, one of the region's principal transportation corridors connecting Northern and Southern California. Nearby employers include Salinas Valley Memorial Hospital, Monterey County government offices, and numerous private-sector businesses that contribute to sustained office demand. The property's position near established commercial corridors and professional services further supports its long-term occupancy profile. The offering combines stabilized occupancy, existing cash flow, and a location within an established office market. With a reported market vacancy below 2% at the time of marketing, the asset provides investors an opportunity to acquire an income-producing office property in one of Monterey County's primary employment and business centers.

FOR SALE DETAILS

PRICE

$5,400,000 USD

PRICE/SF

$249 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

CO/R

APN/PARCEL ID

002-322-016-000

ASK ABOUT THIS PROPERTY

Greg FindleyCushman & WakefieldMore Info
831-755-1639

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Greg FindleyCushman & WakefieldMore Info
831-755-1639

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.