Tong HUA (USA), Inc. purchased 20740 Spence Rd. in Salinas, CA from YRC Worldwide, Inc. for $1,265,000, or about $164 per square foot.
Constructed in 1970, the 7,700-square-foot industrial building sits on five acres and features 21 dock-high doors. The buyer plans to operate a recycling plant at the site.
Mike Bassetti and Michael Schoeder of Cassidy Turley BT Commercial in Salinas represented the seller, Yellow Freight System, Inc. Greg Findley, also with Cassidy Turley BT Commercial, represented the buyer.
Please see CoStar COMPS #2186267 for more information on this transaction.