16185 Los Gatos Blvd - Retail FOR SALE


Los Gatos, CA 95032- East Los Gatos
$13,000,000 USD
949-378-7364
16185 Los Gatos Blvd, Los Gatos, CA for Sale
$13,000,000 USD
Retail - FOR SALE
1/6
null | Request Cap Rate

16185 Los Gatos Blvd
Los Gatos, CA 95032
East Los Gatos


HIGHLIGHTS

  • Prime Los Gatos Office/Retail with Availability & In-Place Cash Flow
  • ATTRACTIVE OWNER-USER MIXED-USE OPPORTUNITY IN PRIME LOS GATOS LOCATION
  • ATTRACTIVE MARKET FUNDAMENTALS

OVERVIEW

ATTRACTIVE OWNER-USER MIXED-USE OPPORTUNITY IN PRIME LOS GATOS LOCATION * Two-Story Office/Retail Offering | 16185 Los Gatos Boulevard presents the opportunity for an owner-user or investor to acquire a ±20,150-square-foot, two-story office and retail building positioned along one of Los Gatos’s primary commercial corridors. With the asset approximately 48% leased, an owner-user has the flexibility to occupy the available space immediately while in-place tenancy continues to generate income to help offset debt service — or to grow organically into the balance of the building over time. * Owner-User Advantage | This is an ideal corporate headquarters investment offering an attractive lease-savings tradeoff. Purchasing this property provides protection against future rental market uncertainty, delivering occupancy control, tax benefits, and after-tax equity accumulation that leasing simply cannot match. * Durable In-Place Income with Value-Add Upside | The property generates approximately $280,348 in year 1 net operating income, anchored by long-term, in-place tenancy with a weighted average lease term of ±6.33 years. Operating at ±48% occupancy, the asset offers meaningful value-creation potential through leasing up the remaining space within a supply-constrained submarket, with the potential to more than triple net operating income to approximately $931,920 at full occupancy. ATTRACTIVE MARKET FUNDAMENTALS * Strong Los Gatos/Saratoga Market Fundamentals | The asset benefits from tight submarket fundamentals, with retail vacancy of approximately 3.4% and office vacancy of approximately 10.2%. Notably, the local office vacancy meaningfully outperforms the broader Silicon Valley office market, which closed the first quarter of 2026 at 15.4% (CBRE Research). HIGH-VALUE, AFFLUENT LOCATION * Exclusive, High-Income Community | Los Gatos ranks among the most affluent communities in Silicon Valley, with a median household income of approximately $217,554 — more than double the national figure — and a median home value of approximately $2,000,000, underpinning durable demand for retail, medical, and professional services (U.S. Census Bureau). * Desirable Boulevard Location with High-Density Retail | Located on Los Gatos Boulevard, the property enjoys prominent frontage along one of the town’s most desirable commercial thoroughfares, benefiting from excellent visibility and signage, immediate access to Highways 17 and 9, a wide variety of retail and residential amenities, and convenient proximity to both downtown Los Gatos and Mineta San José International Airport.

FOR SALE DETAILS

PRICE

$13,000,000 USD

PRICE/SF

$645 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Los Gatos Center

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

88

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,640 SF

ZONING

CH (Hwy Commercial)

APN/PARCEL ID

529-16-074

ASK ABOUT THIS PROPERTY

Anthony DeLorenzoCBRE, Inc.More Info
949-378-7364

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Anthony DeLorenzoCBRE, Inc.More Info
949-378-7364

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