16795 Monterey Road new Save Request In-Person Tour Request Virtual Tour
Morgan Hill,CA 95037
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 6,450 sqft
Price per Sqft $410
MLS Listing ID ML82008263
HOA Y/N No
Year Built 1990
Lot Size 0.600 Acres
Acres 0.6
Property Sub-Type Comm Ind For Sale
Property Description
Offering Memorandum available upon request. Yellowstone Investments is pleased to exclusively present for sale this exceptional 6,450-square-foot mixed-use commercial property located at 16795 Monterey Rd, Morgan Hill, CA. Situated on a 25,758-square-foot lot and built in 1990, this asset offers a prime investment opportunity in the heart of one of South Bay's most dynamic submarkets. The property is currently 100% occupied by three established tenants. Each unit includes its own private bathroom for tenant convenience. All leases include 3% annual rent increases, providing built-in revenue growth. Additionally, Crystal Nails Boutique and September Day Spa hold options to extend, supporting long-term tenancy stability. The property features a mix of NNN and gross leases, presenting an immediate value-add opportunity for a new owner to convert all leases to NNN, significantly reducing owner-paid expenses. The property is serviced by two separate water meters, one for interior use and one for landscaping, thus supporting efficient expense allocation. The building has undergone over $450,000 in recent capital improvements, and each tenant has also invested significantly in their respective spaces, demonstrating long-term commitment and pride of operation.
Location
State CA
County Santa Clara
Zoning CG
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 76710044