161 Calle Del Oaks

Estimated Monthly Payment: $0/mo 161 Calle Del Oaks, Del Rey Oaks, CA 93940 MLS# ML81696944 Commercial/Industrial Listing Status: Sold
9,524 sqft
183
50
0
20

REMARKS:

The property serves as AT&T and Direct TVs main service hub for the entire Monterey Peninsula. Built in 1977, the Property consists of approximately 9,524 square feet of industrial/office building that sits on approximately 89,233 square feet of land (comprised of two parcels) and is leased to AT&T (corporate) on a long-term triple-net (NNN) lease. AT&T has operated at the subject Property for over 40 years, demonstrating the locations strategic value on the Monterey Peninsula and AT&Ts commitment to the site. 4+ years remaining on AT&Ts triple-net (NNN) lease term with an additional five-year renewal option. Lease provides for favorable annual 3% increases in rent, which continue in the five-year lease option. Landlord responsible for the structural integrity of the building and for parking lot replacement and maintenance, however the entire parking lot was repaved and striped in February 2018. Tenant is responsible for property taxes, insurance, and all other maintenance.

OVERVIEW:

Commercial/Industrial
Sold
5/23/2018
Del Rey Oak
1977
9524
79709
2.05
Concrete Slab
Concrete
Common Parking Area, Off-Street Parking, Uncovered Parking
No Heating
None
Public
Sewer - Public
Master Electric, Master Gas, Master Water

NEIGHBORHOOD & SCHOOL INFORMATION:

  Courtesy of Patrick Stafford, Baird Partnership, Inc.

 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Earl Y. Meyers shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

 

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