Healthcare: Monterey Medical Office Sells For $2.4M

By Greer Pruitt for CoStar

First National Bank of Central California sold the medical office building located at 101 Wilson Rd. in Monterey, CA for $2.35 million, or approximately $170 per square foot. It was the buyer’s up-leg in a 1031 Exchange.

The 13,788-square-foot, two-story office building was built in 2006 and has a pro-rata share of a parking PUD. The building, vacant at the time of purchase, is suitable for medical or office use.

John Mahoney of Mahoney and Associates of Monterey represented the seller.

Please see CoStar COMPS #1990698 for additional information on this transaction.

[costar.com]

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