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18735 Madrone Parkway, Morgan Hill, CA

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18735 Madrone Parkway

Morgan Hill, CA 95037 - Morgan Hill Submarket

Property Type:Flex Sub Type:R&D Status:Existing Year Built:2001
Building Size:148,665 SF Land Area:9.98 AC (434,729 SF)
Ceiling Height:- Loading Docks:2 ext Rail:- Power:-
For Sale Price:For Sale Price/SF:-
Cap Rate:-
Zoning:ML Sprinklers:- Drive Ins:No Cranes:-
Parking:Free Surface spaces are available; Ratio of 2.31/1,000 SF Amenities:Signage

Sale Notes:

Stan Johnson Company is pleased to exclusively offer for sale the Paramit headquarters/research and development facility located at 18735 Madrone Parkway in Morgan Hill, California (the Property ). The Property is 100% leased to and occupied by Paramit Corporation (the Tenant ) under a net lease structure with over 9 years remaining.
Located in the San Jose-Sunnyvale-Santa Clara MSA in Santa Clara County, the Property consists of a one-story 152,553 SF flex building situated on 10.44 acres. The improvements were originally constructed in 2002 as a build-to-suit for the Tenant and significant renovations were undertaken in 2014. The current lease term, which expires in September 2025, features scheduled rental increases and two additional renewal options at five years each.

Stan Johnson Company
Zach Harris
(918) 494-2690

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