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2 commercial buildings plus parking lot 227 Commission St 6,630 SF 45% Leased Industrial Building Salinas, CA 93901 $1,945,860 CAD ($293.49 CAD/SF)
Investment Highlights
- Nearest Major Intersection traffic count 28,853+ vehicles per day
- Parking Lot/Yard
- One unit vacant
- Great Owner User Opportunity
- Billboard Signage Advertising leased to Outfront Media on year to year term
Executive Summary
Price reduction, motivated Sellers. Great opportunity to own 2 separate buildings, attached parking lot, and media billboard. Centrally located and close to highway 101 freeway access. Mixed Arterial Frontage zoning. Many possibilities for the property such as owner/user, investment income tenants only, and/or mix of owner/user and investment income. Lots of potential for up and coming small/medium-size business. Building access is off of Commission St. Building on left with attached parking lot is known as 227 Commission St. Currently leased on month to month as Auto Repair Shop. Rent $3,500. Unit on right is known as 229 Commission St. and is vacant.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$133,430
|
$20.13
|
| Other Income |
$6,949
|
$1.05
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$140,380
|
$21.17
|
| Taxes |
$22,933
|
$3.46
|
| Operating Expenses |
$4,603
|
$0.69
|
| Total Expenses |
$27,537
|
$4.15
|
| Net Operating Income |
$112,843
|
$17.02
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $133,430 |
| Annual Per SF | $20.13 |
| Other Income (CAD) | |
|---|---|
| Annual | $6,949 |
| Annual Per SF | $1.05 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $140,380 |
| Annual Per SF | $21.17 |
| Taxes (CAD) | |
|---|---|
| Annual | $22,933 |
| Annual Per SF | $3.46 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $4,603 |
| Annual Per SF | $0.69 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $27,537 |
| Annual Per SF | $4.15 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $112,843 |
| Annual Per SF | $17.02 |
Property Facts
Amenities
- Mezzanine
- Signage
Utilities
- Lighting
- Gas
- Water
- Sewer
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 003-114-014-000 | Total Assessment | $132,414 CAD |
| Land Assessment | $30,896 CAD | Annual Taxes | $22,933 CAD ($3.46 CAD/SF) |
| Improvements Assessment | $101,518 CAD | Tax Year | 2026 |
Property Taxes
Parcel Number
003-114-014-000
Land Assessment
$30,896 CAD
Improvements Assessment
$101,518 CAD
Total Assessment
$132,414 CAD
Annual Taxes
$22,933 CAD ($3.46 CAD/SF)
Tax Year
2026
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Presented by
Steinbeck Realty, Inc.
2 commercial buildings plus parking lot | 227 Commission St
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