Tynan Village Ground Lease — Sale in Salinas, CA
- Price: $4.5M
- Listing type: For sale
- Asset type: Business
- Location: Salinas, CA 93901
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Description
Newmark, as exclusive advisor, is pleased to present the Tynan Village Ground Lease, a ±254,390-square-foot (±5.84-acre) leased fee interest located at 323 Front Street in Salinas, California, ground leased on an absolute net basis to the Housing Authority of the County of Monterey (HACM) — a public-agency credit underpinned by Monterey County’s ‘AA’ Issuer Default Rating from Fitch. With ±28 years of base term remaining, 1% annual escalations, and five seven-year extension options running through 2090, the offering delivers truly passive, management-free income — and all improvements (171 residential units plus ±13,250 SF of ground-floor commercial) revert to the fee owner at lease expiration.
Market Context
This commercial property in Salinas, CA is listed for sale at $4,464,000. Compare it against other commercial property listings for sale in Salinas, CA — view the full market.
Contact
- Mike Zylstra · 1925974-0106 · mike.zylstra@nmrk.com
- Mike Zylstra · 1925974-0106 · mike.zylstra@nmrk.com
- Forrest Gherlone · 1925974-0237 · forrest.gherlone@nmrk.com
- Max Gunari · 1925974-0116 · max.gunari@nmrk.com
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