Sold Retail Property in Santa Clara County  -716375 Monterey St,

Morgan Hill, CA 95037 7/10

716375 Monterey St, Morgan Hill, CA 95037 

Sale Information

Sale Status: Sold
Sale Date: 08/21/2013
Sale Price: $3,925,000 ($176.01/SF)
Cap Rate: 7.00% (At Time Of Listing)
Listing Price: $4,395,000

Property Details

Property Type: Retail
Property Sub-type: Strip Center
Building Size: 22,300 SF
Lot Size: 1.63 Acres
APN / Parcel ID: 767-18-031

Property Description
CBRE is pleased to offer for sale Candy Park Center, located at 16375 Monterey Street in Morgan Hill. There are two buildings on the property each consisting of 11,150 SF over 1.63 acres. The center was constructed by the current owner in 1979 and has been 100% leased for several years. There are 15 tenants in the center offering a diverse mix of retail services; restaurant, health and well being, professional, fitness and educational. Many of the existing tenants have been in occupancy at the property for over 10 years.