Warehouse with Office
1551 Lana Way, Hollister, CA 95023
For Sale
New
Contact for pricing
The property combines warehouse operations space with ground-floor and upper-level office or storage areas.
Property Size10,063 SF
Price / SF$297.62
Days on Market5
Property Features for 1551 Lana Way
General Information
Standard status
Size
Property subtype
Warehouse & Industrial
Clear Height
Warehouse Space
Office Build-Out
Mezzanine
Drive-In Doors
Power
Voltage
Three-Phase Power
Additional Details
Property Use
Building Details
Buildings
Stories
Building Size
Listing Agency:
Colliers | Gilroy
(408) 842-7000
Listed By:
Matt VanKeulen
(408) 930-9236
Source:
Moodyscre
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 2:28PM
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 Colliers | Gilroy
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Investment Insights
Based on property information with market context.
The 10,063 SF building contains approximately 2,867 SF of ground-floor office space and 7,196 SF of warehouse area. A further 1,885 SF of second-floor office and storage space and a 900 SF mezzanine are outside the stated building area. Warehouse features include 10'-20' clear height and three grade-level doors. The building also has two warehouse restrooms, two office restrooms, and 400 amps at 280V, 3-phase; buyer to verify.
Key Highlights
- ±10,063 SF building with ±2,867 SF of ground‑floor office and ±7,196 SF of warehouse
- ±1,885 SF of second‑floor office/storage and ±900 SF mezzanine, excluded from stated building SF
- 10'-20' clear height and three grade‑level doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$203,954
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,079,080
$4.1M
Cap Rate 7%
$2,913,629
$2.9M
Cap Rate 9%
$2,266,156
$2.3M
Market Conditions
NOI Build-Up for 10,063 SF
Gross rent
$259.6K $25.80/SF
− Vacancy
−$19.7K −$1.96/SF
EGI
$239.9K $23.84/SF
− OpEx
−$36.0K −$3.58/SF
NOI
$204.0K $20.27/SF
Area
San Benito County, CA
Vacancy
7.58%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,079,080
Cap Rate 7%
$2,913,629
Cap Rate 9%
$2,266,156
Alternative Uses
Best Use
Warehouse
$2.91M
$2.55M – $3.40M
NOI $203,954 @ 7.0% cap · market cap 6.81%
Second Best
Mixed Use
$2.91M
$2.55M – $3.40M
NOI $203,776 @ 7.0% cap · market cap 6.80%
Theoretical Best
Office A
$6.08M
$5.32M – $7.09M
NOI $425,263 @ 7.0% cap · market cap 14.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
20 ft
Clear height
3
Drive-in doors
Location Intelligence
Trade Area within ½ mile
192
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95023, CA
56,973
Population
18,043
Households
3.2
Avg Household Size
36
Median Age
21%
College-Educated
83%
High-School Grad
394.8 sq mi
ZIP Area
144
Density / Sq Mi
$108,156
Median Household Income
$47,362
Median Earnings
$1,908
Median Rent
$740,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- San Felipe Storage — 1571 San Felipe Rd, Hollister, CA 95023
- Galaxy Self Storage — 1901 San Felipe Rd, Hollister, CA 95023
- Extra Space Storage — 90 Fallon Rd, Hollister, CA 95023
- Storage Express - local — 301 Fallon Rd, Hollister, CA 95023
- Hollister Moving & Storage — 2300 Technology Pkwy Suite #2, Hollister, CA 95023
Frequently Asked Questions
What type of property is this?
Warehouse - The property combines warehouse operations space with ground-floor and upper-level office or storage areas.
Where is this warehouse located?
The property is located at 1551 Lana Way Hollister, CA.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: ±10,063 SF building with ±2,867 SF of ground‑floor office and ±7,196 SF of warehouse; ±1,885 SF of second‑floor office/storage and ±900 SF mezzanine, excluded from stated building SF; 10'-20' clear height and three grade‑level doors
