Morgan Hill Self-Storage
16325 Barrett Avenue, Morgan Hill, CA 95037
Well-located self-storage facility in Morgan Hill, California.
Property size:
10,380 SFLot size:
0.81 AcresPrice / SF:
$269/SF- Added:
- Nov 5, 2025
- Days on Market:
- 192
- Last Refresh:
- Mar 16 at 10:58 am
Property Features for 16325 Barrett Avenue
General Information
- Standard status
- Active
- Size
- 10,380 SF
- Lot size
- 0.81 Acres
Building Details
- Year Built
- 1978
Listing agent ADAM S. LEVIN License #(S):CA:01462752
Listing office MARCUS & MILLICHAP (650) 391-1700
Listing date Nov 5, 2025
Source Corcoran
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 MARCUS & MILLICHAP
HighLights
- Located in a high barrier‑to‑entry market (Morgan Hill, CA) with strong demand.
- 100% drive‑up units with roll‑up doors.
- Remotely managed self‑storage facility.
- Secure gated perimeter with keypad access and 24‑hour surveillance.
- Stable cash flow and simplified management.
- Not subject to any local or state rent control laws.
Overview
Located at 16325 Barrett Ave in Morgan Hill, California, Storwell-Barrett is a self-storage facility situated in a high barrier-to-entry market. Constructed in 1978, the property sits on a 0.81-acre parcel of land. The facility encompasses approximately 10,380 total square feet and features 100% drive-up units with roll-up doors. Tenants benefit from modern conveniences, including 24-hour surveillance and a secure gated perimeter with keypad access. The location in Morgan Hill ensures consistent storage needs from residents and businesses due to the growing residential population and business community. This property presents an investment opportunity for those looking to enter the California self-storage market. Local storage operators can benefit from economies of scale, while exchange or cross-product buyers will appreciate the stable cash flow and simplified management associated with self-storage. Additionally, local apartment investors may diversify their portfolio and create cross-marketing opportunities between residential and storage properties. Self-storage is not subject to any local or state rent control laws.
Financial Insights
Value Estimation Calculated for Industrial
Conservative
$1.93M
NOI $173,253 @ 9.00% cap · cautious / downside scenario
Moderate
$2.48M
NOI $173,253 @ 7.00% cap · market / base-case scenario
Aggressive
$3.47M
NOI $173,253 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Industrial
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $267.8k | $25.80 |
| − Vacancy | −$20.3k | −$1.96 |
| EGI | $247.5k | $23.84 |
| − OpEx | −$74.3k | −$7.15 |
| NOI | $173.3k | $16.69 |
10,380 SF · lease $25.80/SF/yr · vacancy 7.58% · expense 30.00%
Alternative Use Scenarios
Best Use
Industrial
$2.48M
$2.17M – $2.89M
NOI $173,253 @ 7.0% cap · market cap 6.19%
Second Best
Self Storage
$1.41M
$1.23M – $1.64M
NOI $98,353 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$6.27M
$5.48M – $7.31M
NOI $438,660 @ 7.0% cap · market cap 15.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Self storage facilities
Location Insight
- Map
- Local Demand
- City
- Morgan Hill
- County
- Santa Clara
- State
- California
- Longitude
- -121.643843
- Latitude
- 37.1177798
Nearby Similar for Sale
FAQs
What type of property is this?
Self storage facility - Well-located self-storage facility in Morgan Hill, California.
Where is this self storage facility located?
The property is located at 16325 Barrett Avenue Morgan Hill, CA.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Located in a high barrier‑to‑entry market (Morgan Hill, CA) with strong demand.; 100% drive‑up units with roll‑up doors.; Remotely managed self‑storage facility.
