8655 Monterey Rd - Freestanding FOR SALE


Gilroy, CA 95020
$3,390,000 USD
831-293-3902
8655 Monterey Rd, Gilroy, CA for Sale
$3,390,000 USD
Freestanding - FOR SALE
1/7
null | 5.77% Cap Rate

8655 Monterey Rd
Gilroy, CA 95020


HIGHLIGHTS

  • Investors have the opportunity to acquire an exceptional retail/light industrial asset in the heart of Gilroy, CA.
  • The subject property is located within close proximity to The Premium Gilroy Outlets (0.9 mi) and walking distance from Downtown Gilroy (1 mi).
  • The subject property is situated on a large 2 acre corner lot off the major thoroughfare of Monterey Rd.
  • The subject property offers tenants convenient access to major transportation corridors including Highway 101, CA-25, and CA-152.

OVERVIEW

8655 Monterey Rd is an exceptional retail/light industrial investment opportunity located in the thriving city of Gilroy, CA. Situated on a parcel of land totaling 1.99 acres, the subject property was originally constructed in 1966 and has a gross building area of approximately 14,297 square feet, offering its tenants beautifully designed retail/light industrial floor plans. 8655 Monterey St presents investors with a rare opportunity to acquire an exceptional asset in the thriving city of Gilroy, CA. The subject property is located just 0.9 miles from The Premium Gilroy Outlets, right off Highway 101. The Premium Gilroy Outlets house 145 different outlet stores, attracting savvy shoppers and tourists from all over the Bay Area. The subject property is also walking distance (1 mi) from Downtown Gilroy, home to a myriad of dining, shopping, and entertainment. Other nearby Gilroy attractions include the Annual Gilroy Garlic Festival and the Gilroy Gardens theme park, both attracting visitors from all over the US. 8655 Monterey Rd benefits from its prime location offering tenants convenient access to major transportation corridors including Highway 101, CA-25, CA-152, in addition to other modes of transportation. Gilroy’s close proximity to these fundamental roads offers South Bay Area commuters a quick connection to San Jose, Watsonville, Salinas, Monterey, as well as other nearby areas. The investment appeal of this asset is driven by Gilroy’s strong employment fundamentals, and low vacancy levels. With a world class location in the heart Gilroy, 8655 Monterey Rd presents an attractive investment opportunity for investors due to its easy accessibility to the Bay Area and the nation’s top employers within it.

FOR SALE DETAILS

PRICE

$3,390,000 USD

PRICE/SF

$237 USD /SF

CAP RATE

5.77%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

CROSS STREETS

Pierce St

LAND ACRES

1.99 AC

LAND SF

86,684 SF

ZONING

CM, Gilroy

APN/PARCEL ID

790-27-006

ASK ABOUT THIS PROPERTY

Joshua VeloMarcus & MillichapMore Info
831-293-3902

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Joshua VeloMarcus & MillichapMore Info
831-293-3902

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