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2259 North Fremont, Monterey, CA 93940

$5,575,000 Sale Pending

  • For Sale
  • Pending
  • Commercial
2259 North Fremont, Monterey, CA 93940View this property at 2259 North Fremont, Monterey, CA 93940
2259 North FremontMontereyCA93940

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 Detailsfor 2259 North Fremont

General

  • Price: $5,575,000
  • Status: Pending
  • Type: Commercial
  • MLS ID: 17070142
  • Updated: 11/1/2017
  • Added: 172 day(s) ago

Property History

  • 2259 North Fremont, Monterey, CA
  • Listed at $5,575,000 on 11/1/17

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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Schools

Schoolsserving 2259 North Fremont

School District:Monterey Peninsula Unified School District
School Name
Grades
Distance
Foothill Elementary School, Monterey, CA
1700 Via Casoli, Monterey, CA 93940
K-5
1.3 mi
Walter Colton Middle School
100 Toda Vista, Monterey, CA 93940
6-8
3.1 mi
Monterey High School
101 Herrmann Drive, Monterey, CA 93940
9-12
2.5 mi
Disclaimer: School data provided by Pitney Bowes. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.

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Community Info

Community Infofor 2259 North Fremont

Listed by Tinetti Realty

2259 North Fremont, Monterey, CA 93940 (MLS# 17070142) is a Commercial property. 2259 North Fremont is currently listed for $5,575,000 and was received on November 01, 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.