Seller Financing Available 16450 Monterey Rd 6,683 SF 100% Leased Retail Building Morgan Hill, CA 95037 $2,595,000 ($388.30/SF) 4.54% Cap Rate

Marketing package available upon request. This property can be delivered together with 16795 Monterey Rd for a combined investment opportunity. Yellowstone Investments is pleased to exclusively present for sale this exceptional ±6,683 SF mixed-use commercial property located at 16450 Monterey Road, Morgan Hill, CA. Situated on a ±20,000 SF lot and built in 1979, the asset offers an attractive investment opportunity in one of South Bay’s most dynamic submarkets.
The property is 100% occupied by four established tenants: Bella Vita Salon, Cherissie’s Hair Salon, Morgan Hill Teachers Union, and Chaven & Associates LLP. Each occupies roughly one-quarter of the building. The premises feature multiple restrooms, including men’s and women’s facilities in two units, a private restroom in another, and a second-floor common area with men’s and women’s restrooms plus a shower. Additionally, Chaven & Associates LLP benefits from a private kitchen, adding convenience for its staff.
All leases include 2.5–3% annual rent increases, providing built-in income growth. Cherissie’s Hair Salon holds a five-year renewal option, supporting long-term stability. The property has separate gas and electric meters, and two water meters—one for the building and one for landscaping—with the salons reimbursing a portion of the building’s water usage.
The building has been well maintained, with three of four units renovated, each featuring its own furnace and A/C condenser. A new roof was installed approximately seven years ago. The site offers ±29 on-site parking spaces and additional development potential due to its large lot size. The Seller is open to providing seller financing, offering flexibility for qualified buyers.
Located directly on Monterey Highway, a major commercial corridor with strong traffic counts and visibility, the property provides stable income, minimal management needs, and long-term growth potential in a high-demand South Silicon Valley market.