For Sale
$9,000,000

16360 Monterey Rd Morgan Hill, CA 95037

27,600 SF Office Building, 5% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents the Century Office Plaza, a well-maintained Class B office building situated on a 1.39-acre lot in Morgan Hill, California. Boasting 27,600 square feet of net rentable space across two stories, this property offers a diverse range of office configurations suitable for medical, executive, and traditional office uses. Built in 1985, the building is zoned CT and enjoys a prominent location on Monterey Road, benefiting from high visibility and frontage on two streets. Ample parking is provided, with a ratio of 3.88 spaces per 1,000 square feet, ensuring convenient access for tenants and visitors. The property features abundant natural light and is fully ADA compliant, enhancing its appeal and functionality. The asking price is $9,000,000, representing a compelling 5.00% capitalization rate. Its convenient location near shopping centers adds to its attractiveness. The property's APN is 817-02-017. This is a rare chance to acquire a well-positioned, versatile office building in a thriving California market. The property's size, location, and amenities make it an ideal investment for discerning buyers seeking strong returns and long-term growth potential.

Highlights

  • Prime Morgan Hill location on Monterey Road, offering high visibility and dual street frontage, near shopping.
  • Ample parking (3.88 spaces/1,000 sq ft) and abundant natural light.
  • Fully ADA compliant.

Property Details for 16360 Monterey Rd

Property type
Office properties, Medical offices
Square Feet
27,600 SF
Class
B
Year Built
1985
Stories
2
Lot Size (sq. ft)
60,548 SF

Location Insight

City
Morgan Hill
County
Santa Clara
State
California
Latitude
37.1182633
Longitude
-121.6444419

FAQs

What type of property is this?
Office property - 27,600 SF Office Building, 5% Cap Rate
Where is the office property located?
The property is located at 16360 Monterey Rd Morgan Hill, CA.
What is the asking price?
The asking price for this property is $9,000,000.
What are key features of this property?
This property features: Prime Morgan Hill location on Monterey Road, offering high visibility and dual street frontage, near shopping.; Ample parking (3.88 spaces/1,000 sq ft) and abundant natural light.; Fully ADA compliant.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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16360 Monterey Rd
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