Featured Property
| Asking Price: | $1,950,000 |
| Property Type: | Investment Property |
| APN: | 001-682-001/001-681-048 |
| Address: | 880 Abrego Street, Monterey |
| Location: | Munras and Abrego Street |
| Project Description: | Mixed-Use: Retail/Office |
| Land Area: | 14,000 (+/-) SF |
| Bldg Area: | 7,698 (+/-) Net SF |
| Zoning: | C-2 |
| Comments: | Highly Desirable Investment Property
Two Story wood-frame structure built in 1952
First Floor: Six Spaces of Retail and Office Users from 456SF to 1,288SF
Second Floor: Single Tenant Office User of 3,944SF. Remodeled in 2005.
Most Tenants have been long-term
On-Site Parking - 28 dedicated parking spaces
Financial Summary:
Actual
Occupany: 92%
Pro-Forma Gross Income $162,898
NOI $130,122 (Adjusted for inc in prop tax
Cap Rate 6.7%
GRM 11.8
Second Floor Office Features:
- Nine Private Perimeter Offices
- One Executive Conference Room
- Reception Area
- HVAC - multi zoned
- Double Pane Operable Windows
- Breakroom with Kitchen
- Private Men's and Women's Bathrooms
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About Us
"Vision and Experience"
It takes vision and experience to succeed in the commercial real estate world. Marketing your property, finding the best location for your business or evaluating your investment needs. Work with the broker that priortizes your needs first. In a world of mass-marketing and me-too thinking, separate yourself from the crowd by working with John McCormack of the JNM Company.
The JNM Company is a full-service commercial real estate company for the Central Coast of California. Offerings include: sales, tenants-in-common (TIC) investment offerings, leasing and buyer-broker representation. Commercial properties include retail, office, industrial, apartment complexes, shopping centers, wineries, owner/user and land for commercial or residential development.
"Enhancing and preserving value based on 20+ years of commercial real estate as a principal and broker provides the edge," states John McCormack, owner and sole operator of the JNM Company. Background as a thirty year resident of Monterey County, education as an engineer and MBA graduate and track record as a successful entrepreneur can assist his clients in the maximization of value from pre through post marketing.
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