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… Read More 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. Read Less
Courtesy of Yellowstone Investments, Adam Dahdouh 408-345-5169
Listing Snapshot
Days Online
120
Last Updated
Property Type
Commercial Property
Square Ft.
6,450
Lot Size
0.6 Acres
Year Built
1990
MLS Number
ML82008263
30 Days Snapshot Of 95037
$1.48M
-1%
(avg) sold price
36
-16%
homes sold
34
-15%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 26136.00, Max Area Units: Square Feet, 0 yard square feet, Lot is 0.6 acres
Accessibility Features
Parking, Other
Building
6,450 structure square feet, 6,450 net leasable square feet, 0 warehouse square feet, Built in 1990, 1 building, Age: 35
Cooling
Other
Foundation
Concrete Slab
Garage
Parking Area
Water Features
Public
Heating
Other
Interior Features
Minimum ceiling height: 12
Tenant Pays
Utilities - Electric, Utilities - Gas, Utilities - Water, Other
Miscellaneous
Total expenses: 44963
Parking
23 parking spaces
Property
Zoning: CG
Roof
Flat / Low Pitch
Security Features
Other
Taxes
Annual tax amount: $34,103
Utilities
Individual Electric Meters, Individual Gas Meters, Public Utilities, Separate Electric, Separate Gas, Separate Water
Sewer
Sewer - Public
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