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13543038
13543039

95 Old Fisherman’s Wharf, Monterey, CA 93940

PB
CA 00533485
Mahoney & Associates
RE
CA 01403313
Mahoney & Associates
Listed by Mahoney & Associates
$800,000
969 days on market
Updated 73 days ago

Wharf Theater (Concession Number 10)

Details
Property Type Retail
Sub Type Storefront
Square Footage 9,235
Cap Rate 9.58%
NOI $113,247
Lease Type Net
Lease Options 1- 15 YEAR OPTION
Price per SqFt $87
Year Built 1976
Stories 2
Acreage 0.210
Lease Commencement 11/01/2013
Ground Lease Yes

95 Old Fisherman’s Wharf | Monterey, CA

Marketing description

This property is located on Fisherman’s Wharf, also known as Wharf #1, in the coastal community of Monterey.The improvements consist of a ground-leased 2 story building which houses leased ground floor retail, a second story presently configured as a live performance theater, which also contains business offices most recently utilized as offices for art sales. The upstairs area, accessed via a central stairwell, presently contains a total of four (4) separate restrooms, a theater stage of approximately 944 s.f., a theater seating area of approximately 1,344 s.f., a small art gallery, 2 dressing rooms, as well as 2 offices. There are several storage areas and ample ocean views to the west and east from upstairs windows.

Investment highlights

  • Ground Leased Investment Property

  • Rare Monterey Fisherman’s Wharf Location

  • Long-Term Ground Floor Tenant

  • Upper Floor Theater Available for Adaptive Reuse

Listing Contacts

PB
CA 00533485
Mahoney & Associates
RE
CA 01403313
Mahoney & Associates
Listed by Mahoney & Associates

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$113,247.00
$9,437.25/mo

Valuation Metrics

0
DSCR
14.16%
Cap Rate
14.16%
ROI

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