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
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.