Lesko Building | 391-399 Reservation Rd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Lesko Building 391-399 Reservation Rd
19,500 SF Industrial Building Marina, CA 93933 £4,381,720 (£225/SF) 5.87% Net Initial Yield
Investment Highlights
- Location of property offers easy access to surrounding cities such as Salinas, Monterey & Santa Cruz.
- Plenty of parking for employees and customers alike.
- Building recently remodeled (2/3 of the building).
- Property has high vehicle visibility. Reservation Road is the "pass" through route between the Monterey Peninsula & Salinas.
Executive Summary
Property is 100% occupied by 1 light industrial tenant. Prior to existing tenant, building had multiple occupants. Building is set up to rent to multiple tenants.
Property can be converted back to 13 separate spaces. Building has 13 front & back doors. Also has 13 individual electrical meters/panels. 10 individual bathrooms currently, so very little expense to convert back.
Please contact listing agent for more information; P&L (owner generated) & tenant lease.
Property can be converted back to 13 separate spaces. Building has 13 front & back doors. Also has 13 individual electrical meters/panels. 10 individual bathrooms currently, so very little expense to convert back.
Please contact listing agent for more information; P&L (owner generated) & tenant lease.
Property Facts
| Price | £4,381,720 | Lot Size | 1.53 AC |
| Price Per SF | £225 | Rentable Building Area | 19,500 SF |
| Sale Type | Investment NNN | Number of Floors | 1 |
| Net Initial Yield | 5.87% | Year Built | 1970 |
| Sale Conditions | 1031 Exchange | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 2.77/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 30 ft |
| Building Class | C |
| Price | £4,381,720 |
| Price Per SF | £225 |
| Sale Type | Investment NNN |
| Net Initial Yield | 5.87% |
| Sale Conditions | 1031 Exchange |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.53 AC |
| Rentable Building Area | 19,500 SF |
| Number of Floors | 1 |
| Year Built | 1970 |
| Tenancy | Single |
| Parking Ratio | 2.77/1,000 SF |
| Clear Ceiling Height | 30 ft |
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Fox Thermal
- -
-
99,999 SF
- -
-
Lorem Ipsum
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Fox Thermal | - | 99,999 SF | - | Lorem Ipsum | - |
1 of 1
PROPERTY TAXES
| Parcel Number | 032-121-028-000 | Improvements Assessment | £1,051,395 |
| Land Assessment | £962,352 | Total Assessment | £2,013,748 |
PROPERTY TAXES
Parcel Number
032-121-028-000
Land Assessment
£962,352
Improvements Assessment
£1,051,395
Total Assessment
£2,013,748
zoning
| Zoning Code | C2 (Commercial, office & retail usage. Please check with the City of Marina Planning Dept for other potential uses, possible mix use.) |
| C2 (Commercial, office & retail usage. Please check with the City of Marina Planning Dept for other potential uses, possible mix use.) |
-
Clay LeeHong - Peninsula Group Realty, Inc.
1 of 39
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Peninsula Group Realty, Inc.
Lesko Building | 391-399 Reservation Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.