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2259 North Fremont, Monterey, CA 93940

$4,620,000

  • Sold
  • Closed
  • Commercial
  • Updated 5 days ago
2259 North Fremont, Monterey, CA 93940View this property at 2259 North Fremont, Monterey, CA 93940
2259 North FremontMontereyCA93940
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Property Description
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

Full Property Details for 2259 North Fremont

General

  • Sold For: $4,620,000
  • Status: Closed
  • Type: Commercial
  • MLS ID: 17070142
  • Added: 263 day(s) ago

Rental Information

  • Lease Terms: Lease Triple Net

Interior

  • Flooring: Other (See Remarks)

Additional Information

  • Other Features: Other (See Remarks)

Parking

  • Parking: Uncovered

Location

  • County: Monterey
  • Driving 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
  • Location Details: Public Transportation Nearby, Other (See Remarks)

Community

  • Community Features: Other-Rmks

Heating & Cooling

  • Cooling Type: Central
  • Heating Type: Central

Structural Information

  • Construction: Frame
  • Roof: Composition Shingles
  • Stories Description: 1 Story

Lot Features

  • Zoning: C-2

Financial Considerations

  • Terms: Submit
  • Tenant Pays: Other-Rmks
  • Tenant Expense: Other-Rmks

Disclosures and Reports

  • Disclosures/Reports: Other-Rmks

Listed by Tinetti Realty

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Your Property Information

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Schools

Schools serving 2259 North Fremont

Score
Name
Grades
Distance
6
1700 Via Casoli, Monterey, CA 93940
K-5
1.3 mi
3
100 Toda Vista, Monterey, CA 93940
6-8
3.1 mi
7
101 Herrmann Drive, Monterey, CA 93940
9-12
2.5 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History

Price & Sales History for 2259 North Fremont

Date
Details
Price
Change
Source
11/13/2017
Sold
$4,620,000
-17.13%
MLS
11/01/2017
Listed
$5,575,000
MLS
Disclaimer: Historical sales and tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Community Info

Community Info for 2259 North Fremont

Listed by Tinetti Realty

2259 North Fremont, Monterey, CA 93940 (MLS# 17070142) is a Commercial property that was sold at $4,620,000 on November 13, 2017. Want to learn more about 2259 North Fremont? Do you have questions about finding other Commercial real estate for sale in Monterey? You can browse all Monterey real estate or contact a Coldwell Banker agent to request more information.