16360 Monterey RdMorgan Hill, CA 95037

Property Details for 16360 Monterey Rd

Year built

1985

Lot size

1.39 AC

Property size (Sq ft)

27,600 SF

Property type

Healthcare properties

Property subtype

Other office properties

Description

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.

Location Insight

City

Morgan Hill

County

Santa Clara

State

California

Latitude

37.1183

Longitude

-121.644

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