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10 San Bruno Ave
Morgan Hill, CA 95037
Medallion Landscape · Industrial Property For Sale
Investment Highlights
- 7.79% going-in cap rate at $3,395,000 asking price, increasing to 8.18% during lease term.
- Tenant backed by Integrity Landscape platform and private investment group Kian Capital.
- Net lease — tenant responsible for taxes, insurance, utilities, and property maintenance.
- Lease recently extended through March 31, 2030, providing nearly four years of remaining term.
- Corporate headquarters location for Medallion's Morgan Hill and Integrity Landscape operations.
- Founded in 1995 with 30+ year operating history serving Bay Area commercial properties.
Executive Summary
Broker Of Record
David Harrington
Matthews Real Estate Investment Services, Inc
01320460, 02168060 (CA)
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245 (866) 889-0550
David Harrington
Matthews Real Estate Investment Services, Inc
01320460, 02168060 (CA)
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245 (866) 889-0550
Property Facts
| Sale Type | Investment | Rentable Building Area | 12,000 SF |
| Cap Rate | 7.79% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1971 |
| Property Subtype | Service | Tenancy | Single |
| Building Class | C | Parking Ratio | 0.33/1,000 SF |
| Lot Size | 1.24 AC | Clear Ceiling Height | 16’ |
| Zoning | A-12.5, S.C. County - Existing Conditional Use Permit for Contractor’s Yard & Office with Outdoor Storage, approved in 1969 | ||
| Sale Type | Investment |
| Cap Rate | 7.79% |
| Property Type | Industrial |
| Property Subtype | Service |
| Building Class | C |
| Lot Size | 1.24 AC |
| Rentable Building Area | 12,000 SF |
| No. Stories | 1 |
| Year Built | 1971 |
| Tenancy | Single |
| Parking Ratio | 0.33/1,000 SF |
| Clear Ceiling Height | 16’ |
| Zoning | A-12.5, S.C. County - Existing Conditional Use Permit for Contractor’s Yard & Office with Outdoor Storage, approved in 1969 |
Property Taxes
| Parcel Number | 712-26-004 | Improvements Assessment | $567,126 |
| Land Assessment | $1,551,071 | Total Assessment | $2,118,197 |
Property Taxes
Parcel Number
712-26-004
Land Assessment
$1,551,071
Improvements Assessment
$567,126
Total Assessment
$2,118,197
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