Monterey Herald Office Building
Monterey, CA
Price: $5,200,000Cap Rate: Building SF: 18,914 SFLot Size: 3 AcresYear Built: 1984/Ren 2015Status: Under Contract

Investment Highlights: 

Stable Tenants  – The subject property is 100% leased to the Monterey Herald, the major daily newspaper published in Monterey and serving Monterey County, and the GSA.

Attractive Office R&D Building – The property offers tall ceilings, flexible buildout for single or multiple tenant configuration, an expansive lot with ample parking, and recent renovations to the exterior, parking lot, and landscaping.

Excellent Location – Quick Access to Major Highways – The subject property is located across from the Monterey Regional Airport, within the Monterey Airport Business Park, with quick access onto Hwy 1 and Hwy 68, providing an excellent location for commuters.

Proximity to Retail & Golf – The property is located close to retail centers such as Del Monte Center, Stone Creek Village, and Edgewater Shopping Center, as well as many championship golf courses, including Del Monte Golf Course, Pebble Beach, Tehama Golf Club, and Laguna Seca Golf Ranch.

Minutes to Downtown Monterey – The property is only 10 minutes from downtown Monterey and its numerous tourism draws, such as Cannery Row, Presidio of Monterey, and the Monterey Bay Aquarium.

Affluent Demographics – There are nearly 100,000 residents with an average household income over $92,000 within a 5-mile radius of the subject property.


Ryan Barr

rbarr@lee-associates.com
O. 760.448.2446
F. 760.929.9977

Ryan Bennett

rbennett@lee-associates.com
O. 760.448.2449
F. 760.929.9977