$1,113,000

Called Briarwood, this is an attractive 2 story building built in 1973 is located in the heart of Carmel Mid Valley across the street from a Safeway anchored center. Located between Carmel and Carmel Valley Village, the mid valley center is home to many businesses and offices serving Carmel Valley and the greater peninsula. It has a limited amount of office buildings, with historically strong rental demand in the area. The building has historically been divided into smaller spaces, ranging from 114 to 608 square feet. Of the 13 suites, all except 6 spaces are on month to month tenancies, with the balance expiring in 2023, allowing an owner user to occupy part or all of the building. Existing rents are deemed to be below market, and leases are gross. Since there is a scarcity of small office product in mid valley the spaces tend to rent quickly. The building has common restrooms on both floors, and 13 parking spaces to the rear of the building, in addition to street parking.