10 Harris Court (Building B)
100% Leased Mixed-Use Office & Warehouse Building in Prestigious Monterey Business Park
Marketing description
100% leased mixed-use office and warehouse building located in the prestigious Ryan Ranch Business Park in Monterey, California. The property features award-winning architecture, ample parking, pastoral views, and high-quality construction. Positioned adjacent to Monterey Regional Airport with convenient access to Highways 68 and 1, the asset benefits from a supply-constrained office market, strong tenant demand, and pricing below replacement cost, offering a secure investment in one of the Monterey Peninsula’s most desirable commercial corridors.
Building C is also available.
Investment highlights
100% Leased Mixed-Use Office & Warehouse Building in Prestigious Monterey Business Park
Highly Desirable Location Near the Airport
Award-Winning Architecture & High Quality Construction
Meticulously Managed with No Deferred Maintenance – New HVAC Unit in 2023
New Long-Term U.S. Government Lease to DEA with 15 Years Firm Term
Secure Investment with Benefit of Government Lease Providing Stability in Changing Economy
Supply-Constrained Market with Strong Tenant Demand
Tight Office Market in Monterey with Tenants Willing to Make Concessions for Newly Renovated Spaces
Very Few Class A Buildings in the Market
Little Downtime When Tenants Roll Due to Minimal Competition
Priced Below Replacement Cost at $485.82/SF
No New Construction Due to Water Constraints
Situated within Ryan Ranch Business Park, with Ample Parking and Open Space Views
Convenient Access Just Off Monterey Salinas Highway (Highway 68) - 25,700 ADT
3 Miles from Highway 1 - 84,600 ADT
Adjacent to Monterey Regional Airport, Supporting Regional Connectivity
Provides Convenient Commercial Service with Direct Flights to Major West Coast Hubs
Surrounded by Amenities including Golf Courses, Parks, Stone Creek Village Shopping Center, and More
Proximate to Multiple Colleges & Universities
5 Miles from Monterey Peninsula College - 7,000+ Students
5 Miles from Naval Postgraduate School - 1,400+ Students
7 Miles from California State University Monterey Bay - 7,500+ Students
Broad Economic Base in Agriculture, Tourism, Research, and Education
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