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Sanborn Medical Center 323 N Sanborn Rd 8,459 SF Office Building Salinas, CA 93905 $2,801,365 CAD ($331.17 CAD/SF) 6% Cap Rate
EXECUTIVE SUMMARY
323 North Sanborn Road in Salinas, CA. Situated on the westerly side of North Sanborn Road between East Market Street and East Laurel Drive, the property lies within the Alisal district of Salinas. It offers convenient access to Highway 101, making it easily reachable from key areas throughout the region.
The property consists of seven medical or medically related suites (leased to a total of 5 tenants with 1 current vacancy). The sale also includes a telecommunications ground lease with AT&T.
The property consists of seven medical or medically related suites (leased to a total of 5 tenants with 1 current vacancy). The sale also includes a telecommunications ground lease with AT&T.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
8,459 SF
Building Class
C
Year Built/Renovated
1966/2008
Price
$2,801,365 CAD
Price Per SF
$331.17 CAD
Cap Rate
6%
NOI
$168,082 CAD
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,459 SF
Slab To Slab
8’
Building FAR
0.18
Lot Size
1.07 AC
Opportunity Zone
Yes
Zoning
CR - Commercial Retail
Parking
50 Spaces (5.91 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
1 1
Walk Score®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 004-601-027-000 | Improvements Assessment | $828,197 CAD |
| Land Assessment | $181,293 CAD | Total Assessment | $1,009,489 CAD |
PROPERTY TAXES
Parcel Number
004-601-027-000
Land Assessment
$181,293 CAD
Improvements Assessment
$828,197 CAD
Total Assessment
$1,009,489 CAD
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Sanborn Medical Center | 323 N Sanborn Rd
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