410 Llagas Road, Morgan Hill, CA 95037; Retail For Sale; D-14 in Santa Clara County

410 Llagas Road, Morgan Hill, CA 95037; Retail For Sale; D-14 in Santa Clara County


410 Llagas Road, Morgan Hill, CA 95037; Retail For Sale; D-14 in Santa Clara County

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410 Llagas Road, Morgan Hill, CA 95037

Stratford School

 

Retail Property For Sale

Price:
$4,660,000
Building Size:
16,080 SF
Price/SF:
$289.80
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Property Use Type:
Net Lease Investment with
5 years left on lease
Cap Rate:
6.53%
Occupancy:
100%
Tenancy:
Single
Lot Size:
1.90 AC
Listing ID
18652084

Description

A profitable business model and well-run operation ensures that Stratford School will be a viable tenant for the foreseeable future. The NNN lease with approximately five and a half years remaining offers potential investors the
opportunity to own well-located, Bay Area real estate with a strong tenant, while still maintaining an attractive yield.

The subject property presents potential Buyers with a rare opportunity to own a historical building in a strong Bay Area market. The subject is a 16,080-square foot, single-tenant building on an approximately 1.9-acre lot in Morgan Hill,California. The building was originally constructed in 1924 by William H. Weeks. In 2001, the building was moved in sections to its current location at 410 Llagas Road. After the building was moved, the property was completely renovated.