147 el dorado street - loopnet...in city of carmel was $1,197,700 in 2013, in carmel valley...

The information contained herein has either been given to us by the owner of the herein described real property or obtained from sources we consider reliable. However, we do not represent that it is accurate or complete and it should not be relied upon as such. All of the information contained herein is subject to change without notice.

Ryan Edwards BRE#01403313 | [email protected] Kendall BRE#02010395 | [email protected]: 831.646.1919 | Fax: 831.646.1115

OFFERED AT: $1,075,000

FOR SALE147 El Dorado Street

Monterey, California

Medical Office Buildings

• Rare Monterey Medical Office - Great Owner / User Opportunity• Building 1 (pictured): 5 Exam Rooms, 4 Doctor’s Offices, 2 Restrooms, Waiting Room &

Full Basement (Updated in 2008 with New Plumbing and Fixtures)• Building 2: 2 Offices Consisting of 3 Exam Rooms and 2 Restrooms in Each

(Both Currently Rented at $1,400/Month, Modified Gross)• Shown by Appointment Only



The information contained herein has either been given to the Mahoney & Associates by the owner of the herein described real property or obtained from sources we consider reliable; however, we do not represent that it is accurate or complete, and it should not be relied upon as such.

You should consult with your legal counsel with respect to the legal issues regarding this property, and with your tax advisor with respect to the tax issues and assumptions regarding this property as used herein or otherwise.

The value of this property is dependent on numerous factors including, but not limited to, present and future rent, expenses, governmental regulations, and general economic conditions. The vacancy factor and expenses used herein are arbitrary, and are not necessarily related to actual or future vacancies or expenses, and may change without notice.

A prospective buyer should carefully verify and evaluate information contained herein including, but not limited to, zoning, allowed uses, environmental restrictions, acreage, required permits, and/or approvals from governmental agencies, and the condition of the property and any buildings or structures located on the property.

All of the information contained herein, including any quoted pricing, is subject to change without notice.

DISCLAIMER

FOR SALE147 El Dorado Street

Monterey, California

Medical Office Buildings


147 El Dorado StreetMonterey, California


EXECUTIVE SUMMARY

Building Description and Location:

Address: 147 El Dorado Monterey, CA 93940

APN: 001-672-011

Building #1 Size: 2,400 sfBuilding #2 Size: 1,780 sf (Two 890 sf Units)

Parcel Size: 14,097 sf

No. of Parking Spaces: 17 On-Site Spaces

Year Built: 1960

Asking Price: $1,075,000

Building 2




PROPERTY PHOTOS




BUILDING 1FLOOR PLAN

Receptionist Area

File Room Office Office Office Exam Room 5 Office

Waiting Room

Bathroom Exam Room 1 Bathroom Exam Room 3 Exam Room 4 LabExam Room 2

Bathroom

W/D

Stairs Dow

n →

EXITEXIT

EXIT




BUILDING 1FLOOR PLAN - BASEMENT

Storage Room

Storage Room Storage Room Storage Room Storage Room

← Stairs Up

← S

tairs

Up




AERIAL MAP

«




AERIAL MAP

Building 1

Building 2




LOCATION MAP

«




PopulationThe county’s population reached 428,826 in 2013 and is projected to rise to ±475,000 by 2025.

The latest population estimates for individual Peninsula cities are:

Traditionally, our population growth has been lower than the state average. In fact, most counties along the central coast are growing at around 1% annually. Between 2007 and 2012, the population of Monterey County grew at an average rate of 0.7 percent per year.

Growth is limited by available water supply and environmental constraints. Salinas is the largest city in the county and Seaside is the largest community on the Monterey Peninsula.

HouseholdThe median age in Monterey County for 2013 was 33.0.

Median household income in Monterey County, as of 2013 was $55,840 compared to a national average of $52,250.

Median housing prices are also higher, The single family home in City of Carmel was $1,197,700 in 2013, in Carmel Valley $849,600, in Monterey $682,300, Marina $419,600, Pacific Grove $703,800, Del Rey Oaks $486,100, Pebble Beach $1.45 million and in Seaside it was $364,100.

Monterey County’s Key Industries:

AGRICULTUREThe Salinas Valley is the center for Monterey County’s $4.379 billion agriculture industry and continues to be a leader in agricultural exports with over 785 million pounds of produce exported in 2013. Top importers of Salinas Valley produce include Canada, Japan, Hong Kong, Taiwan, Mexico and the European Union.

Organic produce is an expanding market and has been incorporated into the holdings of most large companies. There are currently over 46,500 acres of organic products being grown in Monterey County.

TOURISMThe Monterey Peninsula’s scenic cities and unincorporated rual areas have economies that are primarily tourist-driven. Secondly, only to agriculture, hospitality is a $2.3 billion plus per year industry and employs approximately 22,000 people, over 12 percent of the workforce in Monterey County.

Over 8.39 million visitors travel to Monterey County annually, double that of Yosemite Park. Within California, Monterey County ranks 11th of all 58 counties in tourism expenditures.

HIGHER EDUCATIONHigher Education contributes approximately $1.9 billion in operating budgets and $365 million in research budgets to the local economy.

The Monterey Bay region is home to more than twenty higher education and research institutions, including three community colleges, two state universities, an international institute, college of law, two specialized military institutions and several research organizations. The institutions employ over 12,110 faculty and staff and have enrollment of 78,000 students.

DEMOGRAPHICS & PROFILE

Monterey:Carmel-by-the-Sea:

Del Rey Oaks:Marina:

Pacific Grove:Sand City:

Seaside:

28,2943,8421,67220,37015,50434134,095

147 el dorado street - loopnet...in city of carmel was $1,197,700 in 2013, in carmel valley...

Documents