16360 Monterey Road , Morgan Hill , CA 95037; Office Building for sale; B-1 in santa Clara county
16360 Monterey Road , Morgan Hill , CA 95037; Office Building for sale; B-1 in santa Clara county
| Property Details | |
|---|---|
| Price |
$3,988,880
|
| Building Size |
27,400 SF
|
| Lot Size |
1.38 AC
|
| Price/SF |
$145.58 /SF
|
| Property Type |
Office
|
| Property Sub-type |
Office Building
|
| Property Use Type |
Investment
|
| Commission Split |
3%
|
| Cap Rate |
6%
|
| Occupancy |
75%
|
| Building Class |
B
|
| Tenancy |
Multiple
|
| Tax ID/APN |
817-02-017
|
| Status |
Active
|
Property Description
Beautifully maintained and freshly repainted. Suites available from 800 to 2500 square feet. Leases include everything expect PG&E and in-suite cleaning. Many tenants have been here a long time. Property has been approved for condominization. Property may include a pre-approved 3920 s/f building pad for an additional structure on adjacent parcel (APN 817-02-018). Subject to 1031. Entrances from both Monterey and Church Streets.
Location Description
On Morgan Hill’s busiest thoroughfare with excellent freeway, shopping and downtown access.
