Garden Road Professional Center

Off-Market

2511 Garden Road, Monterey, CA 93940

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - General Office
  • Property Size 72,615 SF
  • Lot Size 2.52 Acre
  • Parking Spaces Avail. 289
  • Parking Ratio 3.99 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1985

Contacts

Find property contacts with verified and updated contact information on CommercialEdge: owners, building management, representatives from permits and tenants.

Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
Unlock on CommercialEdge

This is a preview. The total list of tenants and suites, along with other lease information, for this property is available on CommercialEdge.

Brokers

Do you represent this property? Claim it!

List your spaces with ease and generate only verified leads with CommercialEdge Marketing.

Add listing for free

Documents

Access researched data with nationwide coverage on CommercialEdge: sales, mortgages, financials, title documents and more.

Sales

  • Purchase Date 30 Jul, 2018
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in Monterey

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
Unlock on CommercialEdge
Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
Unlock on CommercialEdge

Asking Rents in Monterey Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2021 Avg. Asking Rent $26.75
  • 2021 Office Vacancy Rate 18.45%
  • 2021 Office Completions (SF)

Monterey Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2021 Avg. Price per SF $131.88
  • Y-o-Y Avg. PpSF Change -24.60%
  • 2021 Office Sales Volume $17.4M
  • 2021 Number of Transactions 3
View more Monterey market trends

Location

Getting Around

  • Walk Score ®

    28/100 Car-Dependent
  • Transit Score ®

    16/100 Minimal Transit
  • Bike Score ®

    24/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Monterey, CA
  • Neighborhood Casanova Oak Knoll
  • Zip Code 93940
  • Market Central Coast

Points of Interest

  • Chevron

    0.76 miles

  • Quick Stop

    0.77 miles

  • 7-Eleven

    0.77 miles

  • Alliance Gas

    0.87 miles

  • Speedway

    1.29 miles

  • 7-Eleven

    1.41 miles

  • Arco

    1.58 miles

  • Shell

    1.62 miles

  • 76

    1.64 miles

  • Valero

    1.90 miles

  • Short Term Parking

    0.13 miles

  • Short Term Parking

    0.22 miles

  • CDC Parking

    1.66 miles

  • Lot F

    1.67 miles

  • Lot E

    1.69 miles

  • Lot D

    1.72 miles

  • Lot J

    1.79 miles

  • Lot A

    1.88 miles

  • Lot B

    1.91 miles

  • Lot C

    1.91 miles

  • Super 8 by Wyndham Monterey

    0.75 miles

  • Motel 6 Monterey

    0.77 miles

  • Red Roof Inn Monterey

    0.77 miles

  • Super 8 Monterey

    0.78 miles

  • Candle Bay Inn

    0.79 miles

  • Lone Oak Lodge

    0.79 miles

  • El Castell Motel

    0.81 miles

  • Ramada by Wyndham Monterey

    0.83 miles

  • Best Western De Anza Inn

    0.83 miles

  • Casa Verde Inn

    0.85 miles

  • Subway

    0.71 miles

  • Sushi By the Bay

    0.73 miles

  • Grandma's Cafe

    0.73 miles

  • Sushi by the Bay

    0.73 miles

  • Happy Dragon

    0.77 miles

  • Jamba

    0.77 miles

  • Black Bear Diner

    0.77 miles

  • Denny's

    0.83 miles

  • Caruso's Corner

    0.86 miles

  • Burger King

    0.91 miles

  • Foothill Elementary School

    0.54 miles

  • Santa Catalina Elementary School

    0.97 miles

  • Del Rey Woods Elementary School

    1.09 miles

  • Bay View Academy Lower Campus

    1.25 miles

  • Lamesa Elementary School

    1.41 miles

  • Cypress Continuation High School

    1.42 miles

  • Monterey Peninsula Adventist Junior Academy

    1.50 miles

  • Noche Buena School

    1.76 miles

  • Highland Elementary School

    1.80 miles

  • Monterey Peninsula College

    1.84 miles

  • MPC Early Childhood Lab School

    1.66 miles

  • Saint Angela's Preschool

    3.98 miles

Frequently Asked Questions

What is the total square footage of Garden Road Professional Center?

Garden Road Professional Center totals 72,615 square feet.

When was this property built?

Garden Road Professional Center was built in 1985.

When was Garden Road Professional Center last sold?

Garden Road Professional Center was last sold on 30 Jul, 2018.

What is the property tax for Garden Road Professional Center?

The property tax for Garden Road Professional Center in 2022-2023 was $115,395.

What is the market value for Garden Road Professional Center?

The market value* for Garden Road Professional Center in 2022-2023 was $10,616,750.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.