447 Figueroa St - Storefront FOR SALE


Monterey, CA 93940
$1,100,000 USD
831-238-3592
447 Figueroa St, Monterey, CA for Sale
$1,100,000 USD
Storefront - FOR SALE
1/13
null | 6.22% Cap Rate

447 Figueroa St
Monterey, CA 93940


HIGHLIGHTS

  • Single-Tenant Net Leased Investment In The Heart Of Monterey And Block To The Beach
  • Recent Lease Extension
  • Renovated Building With AC, Skylights, Custom Kitchen, Roll-Up Door

OVERVIEW

Mahoney & Associates is pleased to present to the market the opportunity to purchase 447 Figueroa in downtown Monterey. Just a block from the beach and Fisherman’s Wharf, this completely renovated building is currently leased on a long-term NN basis to Harmony Place Monterey. Showing commitment to the property, the Tenant recently executed a lease extension with a new lease expiration date of 12/31/2029. As such, this offering is a single-tenant net-leased opportunity.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$556 USD /SF

CAP RATE

6.22%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Loft/Creative Space, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,302 SF

ZONING

Planned Community

APN/PARCEL ID

001-712-013-000

ASK ABOUT THIS PROPERTY

Patrick StaffordMahoney & AssociatesMore Info
831-238-3592

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Patrick StaffordMahoney & AssociatesMore Info
831-238-3592

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