16795 Monterey RD, Morgan Hill, CA 95037 – ML82008263

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Matt Cossell

matt@mattcossellteam.com +1(408) 761-3271

Listed by Adam Dahdouh • Yellowstone Investments

$2,650,000

Est. payment - /mo

6,450 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial Property

Listing Status Active

Purchase Type For Sale

Square Footage 6,450 sqft

Price per Sqft $410

MLS Listing ID ML82008263

Year Built 1990

Lot Size 0.600 Acres

Property Sub-Type Commercial Property

Property Description

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 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.

Location

State CA

County Santa Clara

Zoning CG

Interior

Heating Other

Cooling Other

Exterior

Parking Features Parking Area

Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities

Roof Type Flat / Low Pitch

Present Use Commercial,Mixed

Building

Story 1

Foundation Concrete Slab

Sewer Sewer - Public

Water Public

Level or Stories 1

Others

Restrictions None

Tax ID 767-10-044

Security Features Other

Special Listing Condition Not Applicable

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Matt Cossell

+1(408) 761-3271

Top 1% Realtor | License ID: 01382971

Top 1% Realtor License ID: 01382971

16795 Monterey RD Morgan Hill, CA 95037

Matt Cossell

Key Details

Location

Interior

Exterior

Building

Others