Property Listing No Longer Available for Sale

13175 Monterey Hwy, Morgan Hill, CA

Industrial for Sale - $2,500,000 - 37 Sq. Ft. on 4.72 acres


Property Info

CIMLS#680187
Location
  13175 Monterey Hwy
  Morgan Hill CA 95037
UpdatedDecember 13th, 2013
TypeIndustrial
Price$2,500,000
Building37 Sq. Ft.
Land4.72 acres

Property Description

This 100% occupied multi-tenant industrial project consists of 9 main buildings and many yards. The property boasts a potential of 18 tenants (3 of which are residential) as the space is subdivided. This property currently hosts 15 tenants with a variety of lease lengths, building and yard uses. While many of the tenants are month to month most have been at the property for a long time. Most of the rents are well below market and have the potential for increases. There are 3 houses on the property which are leased. This is being offered as a leased investment. The property has significant deferred maintenance and clean up and is in need of property management. Buildings range from 500 sqft to over 11,000 sqft.


Financials