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Multi-Tenant Medical Office Investment 178 2nd St 4,533 SF 100% Leased Office Building Gilroy, CA 95020 $1,450,000 ($319.88/SF)
Investment Highlights
- Interior connecting doors between Suites A & B and Suites C & D allow each side of the building to function as larger contiguous spaces or as separate
- Flexible layout accommodates multiple medical or professional office users
- Sprinkler-protected throughout
- 15 on-site parking spaces (14 standard + 1 ADA stall)
- Excellent accessibility to Highway 101, Downtown Gilroy, and regional medical services
Executive Summary
Mahoney and Associates is pleased to present the opportunity to acquire 178 2nd Street, a well-maintained multi-tenant medical office property located in the established medical and professional office district of Gilroy, California. The property consists of a ± 4,491 square foot medical office building situated on a ±0.31-acre parcel and is thoughtfully designed with four individual suites, each featuring its own private entrance. The building offers exceptional flexibility for a variety of ownership strategies. Suites A and B are currently occupied, on a month-to-month basis by The Center for Cardiovascular / KAAJ Healthcare Group, providing near-term income with future occupancy flexibility. While Suites C and D are vacant, presenting immediate leasing or owner-user opportunities.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
4,533 SF
Building Class
C
Year Built
1999
Price
$1,450,000
Price Per SF
$319.88
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,533 SF
Slab To Slab
9’
Building FAR
0.34
Lot Size
0.31 AC
Opportunity Zone
Yes
Zoning
PO - Professional Office
Parking
12 Spaces (2.89 Spaces per 1,000 SF Leased)
Amenities
- Signage
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 799-03-068 | Improvements Assessment | $876,505 |
| Land Assessment | $153,230 | Total Assessment | $1,029,735 |
Property Taxes
Parcel Number
799-03-068
Land Assessment
$153,230
Improvements Assessment
$876,505
Total Assessment
$1,029,735
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Contact the Sale Advisor
Multi-Tenant Medical Office Investment | 178 2nd St