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Bain Building 661 Lighthouse Ave 5,100 SF 100% Leased Flex Building Pacific Grove, CA 93950 $2,945,500 CAD ($577.55 CAD/SF) 2.70% Cap Rate
Investment Highlights
- Heavy Daytime Foot Traffic
- Recently Replaced 2nd Level Decking
Executive Summary
Positioned in the heart of downtown Pacific Grove, the Bain Building presents a rare opportunity to acquire a fully occupied, mixed-use office investment in one of the Monterey Peninsula’s most sought-after commercial corridors.
The property consists of approximately 5,100± square feet across two stories and is currently 100% occupied with a diverse mix of tenants, providing stable in-place income from day one.
Most leases are structured on a modified gross basis, allowing for a balance of landlord control and expense recovery while maintaining tenant appeal.
Tenants benefit from strong foot traffic, excellent visibility along Lighthouse Avenue, and close proximity to downtown amenities, restaurants, and coastal attractions—making this a highly desirable location for small business operators and professional users alike.
The property consists of approximately 5,100± square feet across two stories and is currently 100% occupied with a diverse mix of tenants, providing stable in-place income from day one.
Most leases are structured on a modified gross basis, allowing for a balance of landlord control and expense recovery while maintaining tenant appeal.
Tenants benefit from strong foot traffic, excellent visibility along Lighthouse Avenue, and close proximity to downtown amenities, restaurants, and coastal attractions—making this a highly desirable location for small business operators and professional users alike.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,945,500 CAD | Property Type | |
| Price Per SF | $577.55 CAD | Rentable Building Area | 5,100 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 2.70% | Year Built | 1957 |
| Zoning | C-D - Downtown Commercial | ||
| Price | $2,945,500 CAD |
| Price Per SF | $577.55 CAD |
| Sale Type | Investment |
| Cap Rate | 2.70% |
| Property Type | |
| Rentable Building Area | 5,100 SF |
| No. Stories | 2 |
| Year Built | 1957 |
| Zoning | C-D - Downtown Commercial |
Amenities
- Property Manager on Site
- Restaurant
Utilities
- Lighting - Halogen
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
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Moderately walkable
70/100
Moderately drivable
60/100
Limited public transit
30/100
Moderately bikeable
60/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Presented by
Sotheby's International Realty
Bain Building | 661 Lighthouse Ave
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