16120 Monterey St, Morgan Hill, CA
Automotive property featuring three grade level doors, leased until 2025.
- Added:
- Jul 5, 2024
- Days on Market:
- 709
- Last Refresh:
- May 20 at 8:43 pm
Property Features for 16120 Monterey St
General Information
- Standard status
- Active
- Size
- 2,720 SF
- Lot size
- 0.37 Acres
- Property subtype
- INDUSTRIAL
Listing agent Derik Benson License #1182654
Listing office Kidder Mathews | Silicon Valley (408) 970-9400
Listing date Jul 5, 2024
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Kidder Mathews | Silicon Valley
HighLights
- Ideal for automotive use
- Three (3) grade level doors
- Sale price of $1,632,000 ($600/SF)
- Currently leased until 11/30/2025
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $110.0k | $40.44 |
| − Vacancy | −$5.0k | −$1.85 |
| EGI | $105.0k | $38.59 |
| − OpEx | −$31.5k | −$11.58 |
| NOI | $73.5k | $27.01 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- South County Muffler — 16120 Monterey Rd, Morgan Hill, CA 95037
- Dent Pro — 305 Vineyard Town Ctr Wy # 160, Morgan Hill, CA 95037
- FasterLube Complete Auto Service — 890 Tennant Station, Morgan Hill, CA 95037
- Big O Tires — 15745 Monterey Rd, Morgan Hill, CA 95037
- Calderon Mobile Roadside Tire Service — 15200 Monterey Rd, Morgan Hill, CA 95037
Location Insight
- Map
- Local Demand
- City
- Morgan Hill
- County
- Santa Clara
- State
- California
- Longitude
- -121.644
- Latitude
- 37.1153
