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 with approximately 35% down payment, 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.