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2259 NORTH FREMONT, MONTEREY, CA 93940

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$5,575,000

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  • 0 Beds
  • 0.0 Baths
  • 0 Sqft
  • Commercial
  • Active
  • MLS# 16071729

Property Details for 2259 North Fremont

NNN Lease on high traffic commercial arterial at a controlled interesection. Tenant (Big 5) is on 15 year lease that expires in 2022 w/ multiple 5 year renewal options thereafter. Current rent is $25,209 / Mo NNN. Rent will adjust to $27,730 / Mo NNN in May 2017 thru April 2022. Site plan attached to the Lease indicates that the bldg has 16,611+/- SF but with enclosure bldg sf is now 18,413+/-SF. The 29,448+/- SF lot is irregular in shape with 100+SF of frontage on Fremont St. Zoned C-2

Listing courtesy of: Stephen Tinetti, Tinetti Realty

INTERESTED IN THIS PROPERTY

PROPERTY DETAILS

  • Property Type: Commercial
  • List Price: $5,575,000
  • Sqft: 
  • Acres: 0
  • Beds: 0
  • Baths: 0.0
  • City: Monterey
  • State: CA
  • Zip: 93940
  • Area: : Monterey County
  • Air: : Central
  • Year Built: : 0
  • Amenities: : Other-Rmks
  • Number of Stories: : 1
  • Association: : Default MLS Association
  • Auction: : No
  • Zoning: : C-2
  • Census Tract: : 0.00
  • Construction: : Frame
  • Directions: : From Hwy 1 take Fremont Street East to Ramona Avenue. Property is at the northwest corner of the intersection of Ramona Avenue and North Fremont Street
  • Disclosures Reports: : Other-Rmks
  • Existing Financing: : Treat as Clear
  • Exterior: : Frame
  • Floor: : Other-Rmks
  • Heat: : Central
  • Lease Terms: : Lease Triple Net
  • Total Units: : 1
  • Parking: : Uncovered
  • Possession: : Close of Escrow,Recording
  • Roof Description: : Comp Shingle
  • Stories: : 1 Story

LISTING HISTORY

  • Previous Price: 5950000
  • Price Change: $375,000
  • Price Change Date: 2017-05-11T16:31:53.530
  • Previous Status: 
  • Status Change Date: 

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