New Frito-Lay Distribution Facility | 245 Rossi st
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New Frito-Lay Distribution Facility 245 Rossi st
11,469 SF Industrial Building Salinas, CA 93901 £6,724,193 (£586/SF) 6.25% Net Initial Yield
INVESTMENT HIGHLIGHTS
- New 10-year NNN lease with 2% annual increases and minimal landlord maintenance responsibilities
- Extremely high barrier to entry Central California location in Monterey County
- Large 3.30±-acre lot (8.92% building site coverage) with ample parking and future expansion potential on site
- New Class A Construction, Build-to-Suit, Product Exchange Center for Frito Lay serving City of Salinas, Salinas Valley and Monterey County
- Affluent demographics with population over 496,900 people and average household income of $128,975 within 20 miles
- Tenant is responsible for maintenance/repair/replacement of the parking lot, driveway, hard surfaced areas and mechanical and utility systems
EXECUTIVE SUMMARY
Cushman & Wakefield is pleased to exclusively offer for sale the newly constructed 11,469± sq. ft. Frito-Lay Product Exchange Center, located in the highly affluent, high barrier to entry market of Salinas, California. featuring a new 10-Year NNN lease with 2% annual rent increases. The property is located adjacent to downtown Salinas and just off US Highway 101, the primary coastal California commuter arterial connecting to the San Francisco Bay Area to the North and San Luis Obispo, Santa Barbara and Los Angeles to the South. With convenient access to State Routes 68 and 183 as well, the site is well positioned for logistics and distribution to the City of Salinas, the Salinas Valley, and Monterey County. Additionally, the oversized 3.30± acre lot can potentially accommodate future expansion of the facility. The surrounding area features strong demographics with over 496,900 people and an average household income of $128,975 within 20 miles. Nearby industrial tenants include Coca Cola, United Rentals, organicgirl, XPO, Taylor Farms, Ferguson, FedEx, and Mann Packing, among many other national and regional companies. Salinas Municipal Airport (SNS) is conveniently located 4 miles from the site.
PROPERTY FACTS
| Price | £6,724,193 | Lot Size | 3.30 AC |
| Price Per SF | £586 | Rentable Building Area | 11,469 SF |
| Sale Type | Investment NNN | Number of Floors | 1 |
| Net Initial Yield | 6.25% | Year Built | 2025 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Distribution | Parking Ratio | 3.4/1,000 SF |
| Building Class | B | No. Dock-High Doors/Loading | 11 |
| Price | £6,724,193 |
| Price Per SF | £586 |
| Sale Type | Investment NNN |
| Net Initial Yield | 6.25% |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | B |
| Lot Size | 3.30 AC |
| Rentable Building Area | 11,469 SF |
| Number of Floors | 1 |
| Year Built | 2025 |
| Tenancy | Single |
| Parking Ratio | 3.4/1,000 SF |
| No. Dock-High Doors/Loading | 11 |
AMENITIES
- Signage
UTILITIES
- Water
- Sewer
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PROPERTY TAXES
| Parcel Number | 003-161-014-000 | Improvements Assessment | £365,834 |
| Land Assessment | £1,318,196 | Total Assessment | £1,684,031 |
PROPERTY TAXES
Parcel Number
003-161-014-000
Land Assessment
£1,318,196
Improvements Assessment
£365,834
Total Assessment
£1,684,031
ZONING
| Zoning Code | IL (Light Industrial) |
| IL (Light Industrial) |
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New Frito-Lay Distribution Facility | 245 Rossi st
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