16450 Monterey Rd - Office FOR SALE


Morgan Hill, CA 95037
$2,595,000 USD
408-345-5169
16450 Monterey Rd, Morgan Hill, CA for Sale
$2,595,000 USD
Office - FOR SALE
1/15
null | 4.54% Cap Rate

NEW


16450 Monterey Rd
Morgan Hill, CA 95037


HIGHLIGHTS

  • Seller Financing – Available with ~35% down.
  • Tenant Mix – 100% occupied by four established tenants.
  • Lease Stability – Strong tenancy with one long-term tenant (23+ years), one mid-term tenant (4+ years), and two tenants who started in 2024.
  • Utilities – Separate gas/electric meters; two water meters (building and landscaping); salons reimburse portion of water usage.
  • Capital Improvements – New roof ~7 years ago; three of four units renovated; two new water backflows installed.
  • Zoning – CC (Community Commercial), allowing retail, service, office, and mixed-use commercial uses.

OVERVIEW

Marketing package available upon request. This property can be delivered together with 16795 Monterey Rd for a combined investment opportunity. Yellowstone Investments is pleased to exclusively present for sale this exceptional ±5,993 SF mixed-use commercial property located at 16450 Monterey Road, Morgan Hill, CA. Situated on a ±20,000 SF lot and built in 1979, the asset offers an attractive investment opportunity in one of South Bay’s most dynamic submarkets. The property is 100% occupied by four established tenants: Bella Vita Salon, Cherissie’s Hair Salon, Morgan Hill Teachers Union, and Chaven & Associates LLP. Each occupies roughly one-quarter of the building. The premises feature multiple restrooms, including men’s and women’s facilities in two units, a private restroom in another, and a second-floor common area with men’s and women’s restrooms plus a shower. Additionally, Chaven & Associates LLP benefits from a private kitchen, adding convenience for its staff. All leases include 2.5–3% annual rent increases, providing built-in income growth. Cherissie’s Hair Salon holds a five-year renewal option, supporting long-term stability. The property has separate gas and electric meters, and two water meters—one for the building and one for landscaping—with the salons reimbursing a portion of the building’s water usage. The building has been well maintained, with three of four units renovated, each featuring its own furnace and A/C condenser. A new roof was installed approximately seven years ago. The site offers ±29 on-site parking spaces and additional development potential due to its large lot size. The Seller is open to providing seller financing with approximately 35% down payment, offering flexibility for qualified buyers. Located directly on Monterey Highway, a major commercial corridor with strong traffic counts and visibility, the property provides stable income, minimal management needs, and long-term growth potential in a high-demand South Silicon Valley market.

FOR SALE DETAILS

PRICE

$2,595,000 USD

PRICE/SF

$433 USD /SF

CAP RATE

4.54%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Seller Financing Available

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

CC, Morgan Hill

APN/PARCEL ID

817-02-037

ASK ABOUT THIS PROPERTY

Adam DahdouhYellowstone InvestmentsMore Info
408-345-5169

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

Adam DahdouhYellowstone InvestmentsMore Info
408-345-5169

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