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 | |
Updated | December 13th, 2013 |
Type | Industrial |
Price | $2,500,000 |
Building | 37 Sq. Ft. |
Land | 4.72 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.