- For Sale $1,100,000
- Property Type Office - Medical Office
- Property Size 1,980 SF
- Lot Size 3,300 SF
- Cap Rate % 6.21
- Parking Spaces Avail. 4
- Parking Ratio 2.02 / 1,000 SF
- Year Built 1940
- Year Renovated 2014
- Date Updated May 26, 2026
Description
Mahoney & Associates is pleased to present to the market the
opportunity to purchase 447 Figueroa in downtown Monterey.
Just a block from the beach and Fisherman’s Wharf, this
completely renovated building is currently leased on a long-term
NNN basis to Harmony Place Monterey. Showing a commitment
to the property, the Tenant recently executed a lease extension.
As such, this offering is a single-tenant net-leased opportunity
Private Offices, Open Work Area, Kitchen
• Skylights, Natural Light
• Prime coastal location just one block from the beach and Monterey
waterfront
• Roll-up door providing flexible loading, storage, or creative
workspace functionality
• Excellent walkability to downtown restaurants, shops, hotels, and
the waterfront district
3% ANNUAL RENT ADJUSTMENTS
LEASE EXPIRATION 12/31/2029
PARKING 4 OFF-STREET
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Contacts
Mahoney & Associates
Mahoney & Associates
Mahoney & Associates
