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2200 Garden Rd
Monterey, CA 93940

$6,808,000 USD

Research And Development For Sale  •  19,102 SF

Property Details

  • Property Type Research And Development
  • Total Building Size 19,102 SF
  • Lot Size 2.99 AC
  • Building Class C
  • Year Built 1984
  • Cap Rate 6.25 %
  • Tenancy Multiple
  • Zoning I-R-135
25 Transit Score
29 Walk Score

Highlights

100% Occupied by BluePearl and the Federal Government
13-Year Net Lease to BluePearl with 2.5% Annual Rental Escalations
Secure Investment with the Benefit of a Government Entity Lease Providing Stability in this Changing Economy
2015 Renovation with Functional Layout Allowing for a Variety of Users
Large 2.98 Acre Lot with Flexible Zoning – Multi-Family Residential Overlay Allowing for Medium Density
Robust Demographics with Daytime Population of 112,578 and Annual Household Income of $141,005 within 5-Miles
Cap Rate: 6.25 %

Amenities

  • Signage

Public Transportation

AirportDriveWalkDistance
Monterey Regional 4 min - 1.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 60
Type: Surface
Included in Rent: Yes
Putnam Daily 510-289-1166 Fisher James Capital
Putnam Daily 510-289-1166 Fisher James Capital