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Century Office Plaza 16360 Monterey Rd 27,600 SF 87% Leased Office Building Morgan Hill, CA 95037 $9,000,000 ($326.09/SF) 5.50% Cap Rate
Investment Highlights
- On Morgan Hill's main thoroughfare; frontage from two streets; close to shopping.
- Fully ADA.
- Lots of parking and natural light.
Executive Summary
Financials coming shortly, cap rate is roughly 5.5%. 16360 Monterey Rd is located on Morgan Hill's busiest thoroughfare with excellent freeway, shopping and downtown access. The 27,600 square foot property has 2 floors and sits on 1.39 acres of land. The property is fully ADA compliant and has ample natural light.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
27,600 SF
Building Class
B
Year Built/Renovated
1985/2005
Price
$9,000,000
Price Per SF
$326.09
Cap Rate
5.50%
NOI
$495,000
Percent Leased
87%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
13,800 SF
Slab To Slab
9’
Building FAR
0.46
Lot Size
1.39 AC
Zoning
CT, Morgan Hill - Office / Medical
Parking
107 Spaces (3.88 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Atrium
- Bus Line
- Controlled Access
- Fenced Lot
- Skylights
- Central Heating
- Drop Ceiling
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Comfortable workspace with windows that can be opened. ADA certified. Well maintained with lots of parking.
Comfortable workspace with windows that can be opened. ADA certified. Well maintained with lots of parking.
Beautiful corner suite with lots of natural lighting and windows that open.
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 130 | 940 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 250 | 1,343 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 260 | 1,417 SF | Office | - | Now |
1st Fl-Ste 130
| Size |
| 940 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 250
| Size |
| 1,343 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 260
| Size |
| 1,417 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Fl-Ste 130
| Size | 940 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Comfortable workspace with windows that can be opened. ADA certified. Well maintained with lots of parking.
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
2nd Fl-Ste 250
| Size | 1,343 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Comfortable workspace with windows that can be opened. ADA certified. Well maintained with lots of parking.
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
2nd Fl-Ste 260
| Size | 1,417 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
Beautiful corner suite with lots of natural lighting and windows that open.
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 817-02-017 | Improvements Assessment | $2,172,478 |
| Land Assessment | $804,440 | Total Assessment | $2,976,918 |
Property Taxes
Parcel Number
817-02-017
Land Assessment
$804,440
Improvements Assessment
$2,172,478
Total Assessment
$2,976,918
1 of 14
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Real Estate Solutions
Century Office Plaza | 16360 Monterey Rd
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