16035 Vineyard Ave - Light Manufacturing FOR SALE


Morgan Hill, CA 95037
$6,700,000 USD
408-834-3499
16035 Vineyard Ave, Morgan Hill, CA for Sale
$6,700,000 USD
Light Manufacturing - FOR SALE
1/19
null | 5.28% Cap Rate

16035 Vineyard Ave
Morgan Hill, CA 95037


HIGHLIGHTS

  • Great Power at 1,600A @ 480V Power
  • Fully Leased Single Tenant Building
  • Up to 20’ Clear Height
  • 2 power Grade Level Roll-up Doors at Main Building and 1 roll-up Door at Storage Building
  • Vacuum compressor
  • 190 psi compressor - plumbing throughout the building

OVERVIEW

Cushman & Wakefield, as the exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in 16035 Vineyard Boulevard, Morgan Hill, CA (“the Property”), a 21,049 square foot R&D/flex investment opportunity located in highly desirable Morgan Hill, California. The building has had a long-standing history of stable occupancy as existing tenant has been in the building for over 20 years. The building is located in the Morgan Hill market which is a constrained R&D and industrial market with not a lot of availability. At 100% leased with a longstanding existing tenant; the Property offers investors a rare opportunity to purchase an R&D/flex building with significant infrastructure in highly desirable Silicon Valley. 16035 Vineyard Boulevard offers a 3.84 per 1,000 square foot parking ratio on +/-1.84 acres of land. 16035 Vineyard Boulevard is close to downtown Morgan Hill, less than 2 miles from the Morgan Hill Caltrain station and less than 1 mile from Highway 101.

FOR SALE DETAILS

PRICE

$6,700,000 USD

PRICE/SF

$318 USD /SF

CAP RATE

5.28%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Manufacturing

ADD'L SUBTYPES

R&D, Manufacturing, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

UTILITIES

Water - City, Sewer - City

CLEAR CEILING HT

20 Ft

DOCKS

-

DRIVE INS

2

PARKING SPACES

83

LAND DETAILS

LAND ACRES

1.84

LAND SF

80,019

ZONING

*MH

APN/PARCEL ID

817-05-068

ASK ABOUT THIS PROPERTY

Jon DeCoiteCushman & WakefieldMore Info
408-834-3499

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Jon DeCoiteCushman & WakefieldMore Info
408-834-3499

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.