511 Forest Lodge Rd - Office FOR SALE


Pacific Grove, CA 93950- Outer Monterey
$6,500,000 USD
408-282-3803
511 Forest Lodge Rd, Pacific Grove, CA for Sale
$6,500,000 USD
Office - FOR SALE
1/1
null | 6.66% Cap Rate

511 Forest Lodge Rd
Pacific Grove, CA 93950
Outer Monterey


HIGHLIGHTS

  • Sale Price: $6,500,000
  • Potential for early lease termination discussions for a buyer’s need to occupy or develop property
  • Amenities include: Private parking, Elevator served, Street frontage, Retail located next door

OVERVIEW

Office User/Investment, Residential Conversion or Commercial Opportunity! • ± 21,469 SF Freestanding Building (Rentable) • ± 2.22 Acres (± 96,703 SF) • APN: 007-102-019 • Fire Sprinklered • Updated Restrooms • Elevator Served • Built in 1986 • Zoning: C-FH: Forest Hill Commercial allows Residential, Commercial, Office and Retail • Currently 96% Leased • Annual Net Income: $433,000 • Two small tenants are month to month • Primary Tenant is California American Water - Occupy 90% ±18,847 SF - Lease expires 12/31/2027 - 2% Annual Increases - Potential for early lease termination discussions for a buyer’s need to occupy or develop

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$303 USD /SF

CAP RATE

6.66%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

94

LAND DETAILS

LAND ACRES

2.22 AC

LAND SF

96,703 SF

ZONING

C-FH

APN/PARCEL ID

007-102-019-000

ASK ABOUT THIS PROPERTY

John SerexColliersMore Info
408-282-3803

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John SerexColliersMore Info
408-282-3803

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