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7881 Church St 5,889 SF 100% Leased Office Building Gilroy, CA 95020 $1,600,000 ($271.69/SF) 3.99% Cap Rate
Investment Highlights
- Prime Hard Corner Location
- Suites in Various Sizes
- Value Add Upside
- Excellent Tenant Mix
- Below Market Rents
- Well Maintained Property
Executive Summary
The property features muliple office suites in various sizes.
*Purchase includes an easement on the adjoining property for 4 additional parking spaces (23 total).
Location Overview
Prime location on the corner of 1st St and Church St in vibrant and growing Gilroy California
*Purchase includes an easement on the adjoining property for 4 additional parking spaces (23 total).
Location Overview
Prime location on the corner of 1st St and Church St in vibrant and growing Gilroy California
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
5,889 SF
Building Class
C
Year Built
1986
Price
$1,600,000
Price Per SF
$271.69
Cap Rate
3.99%
NOI
$63,795
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,889 SF
Slab To Slab
9’
Building FAR
0.37
Lot Size
0.37 AC
Opportunity Zone
Yes
Zoning
C1, Gilroy
Parking
14 Spaces (3.07 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Reception
- Storage Space
- Monument Signage
- Air Conditioning
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 799-01-054 | Improvements Assessment | $464,169 |
| Land Assessment | $268,720 | Total Assessment | $732,889 |
Property Taxes
Parcel Number
799-01-054
Land Assessment
$268,720
Improvements Assessment
$464,169
Total Assessment
$732,889
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7881 Church St
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