16880 joleen way • morgan hill , ca 95037...apple inc. and dell, and internet companies google and...

16880 Joleen Way • Morgan Hill , CA 95037

Absolute NNNOwner / User PotentialOnly Property of It's Kind Available in the Area !!Morgan Hill Industrial with Great Upside Potential

F O R S A L E

1 3 , 2 3 0 S F A U T O M O T I V E / I N D U S T R I A L P R O P E R T Y

PRICE REDUCED - $3,100,000

Phone: 408.476.4828

Email: [email protected]

CA Lic. #01499147

Rafael Ramos - Senior Associate

Exclusive Agents SummaryThe Investment

Price: $3,100,000Cap Rate (Current - Below Market Rents): 4.43%Cap Rate (Pro Forma 2018 - Current Rents Adjusted to Market): 5.13%Cap Rate (Pro Forma 2019) - 5.30%

16880 Joleen Way is an opportunity for an investor to own a rarely available Automotive / Industrial building in the rapidly growing South Silicon Valley Market.

Phone: 408.782.4006

Email: [email protected]

CA Lic. #01317241

Steve Malech - Vice President

5330 Camden Avenue, San Jose, CA 95124

SummaryProperty HighlightsProperty Information

16880 Joleen Way , Morgan Hill , CA 95037

• Fully leased Absolute NNN investment with upside potential

• Owner / User potential - Twin Glass lease is month-to-month

• High power - 800 amps - Buyer must verify

• All tenants are long standing with established businesses

• Located in Morgan Hill - a rapidly growing South Silicon Valley community

• Close proximity to Highway 101 and ammenties at Dunne Ave

• Address: 16880 Joleen Way

• City / State: Morgan Hill, CA

• Zip: 95307

• County: Santa Clara

• Parcel Number (APN): 817-11-029

• Building SF. (Approx): 13,230

• Lot Size (AC): 0.81 AC

• No. of Stories: 1

• Year Built: 1981

• Zoning: M1

• Parking: 26 surface spaces

• Rollup Doors: 7

Financial OverviewData


CURRENT (Absolute NNN - All Expenses Paid by Tenant)

Unit Tenant Lease Expiration Option(s) to Extend 2018 2019

1 Country Automotive 12/31/2021 Yes $5,550.90 $5,772.94

2 Twin Glass Month-to-Month No $5,886.00 $7,400.00

Monthly Rent $11,436.90

Annual Rent $137,242.80

Cap Rate 4.43%



Cap Rate 5.10%

2018

2019

Financial OverviewData


PRO-FORMA (Absolute NNN - All Expenses Paid by Tenant)

Unit Tenant Lease Expiration Option(s) to Extend 2018 2019

1 Country Automotive 12/31/2021 Yes $5,550.90 $5,772.94

2 Twin Glass TBD - New Lease TBD - New Lease $7,700.00 $7,931.00



Cap Rate 5.13%



Cap Rate 5.30%

2018

2019

Property OverviewSite Map


Country Automotive

* Not to scale** Approximate layout*** Twin Glass on month-to-month lease. Buyer can occupy space as Owner / User if desired.

TwinGlass

Property OverviewAerial


Property OverviewParcel Map


??????????????Santa Clara County Market OverviewAbout Morgan Hill

Morgan Hill is a city in Santa Clara County at the southern tip of Silicon Valley. It is a rapidly growing community that is host to a number of top companies in their respective spaces including Flextronics, Specialized Bikes, Safeway, Velodyne LiDAR, and TenCate Advanced Composites.

Since 2000, Morgan Hill has seen significant increases in household income levels. As of a 2016 survey, income levels had jumped +35.20% from 2000. As of 2018, the Median Household Income level in Morgan Hill was among the strongest in the San Francisco Bay Area at $110,769.

Santa Clara County is located at the heart of Silicon Valley and is part of the greater San Francisco Bay Area. According to 2015 estimates, the population is 1,918,044.

The county seat is San Jose, the tenth-most populous city in the United States.

Today, Santa Clara County, is the headquarters for approximately 6,500 high technology companies, including many of the largest tech companies in the world, among them hardware manufacturers AMD, Cisco Systems and Intel, computer and consumer electronics companies Apple Inc. and Dell, and internet companies Google and Netflix.

Based on a 2013 study, the region employs about a quarter of a million information technology workers. The combination of a highly educated workforce and prestigious employers have given Santa Clara County the distinction of having the highest median income of any California County.

In addition to top teir employers, Santa Clara County is home to a number of top universities including Stanford University, San Jose State University and Santa Clara University.

Santa Clara County also features an abundance of entertainment and ammenities including Great America, Levi’s Stadium, Winchester Mystery House, Moffett Airfield, Downtown San Jose, Westfield Valley Fair, Stanford Shopping Center and Bay 101 Casino.

Stanford University

Market OverviewShopping & Entertainment Largest Employers


• Trader Joe's - 0.2 mi.

• Home Depot - 0.4 mi.

• Morgan Hill Sports Center - 0.8 mi.

• Morgan Hill Community Park / Recreation Center - 0.8 mi.

• Morgan Hill Aquatic Center - 1.3 mi.

• 24 Hour Fitness - 1.7 mi.

• TJ Maxx - 1.8 mi.

• CineLux Theatres - 1.8 mi.

• O'Reilly Auto Parts - 2.0 mi.

• Rite Aid - 2.1 mi.

• Morgan Hill Unified School District

• Anritsu Company

• Specialized Bikes

• Paramit Corporation

• Infineion Technologies

• Lusamerica Foods, Inc.

• NxEdge

• Safeway

• Mission Bell Mfg.

• Del Monaco Speciality Foods, Inc.

• GSA Distance from subject property shown above

El Toro Hill

Property PhotosE x t e r i o r


LegalConfidentiality & Disclaimer


The information in the following Marketing Brochure is proprietary and strictly confidential.

It is intended to be reviewed only by the party receiving it from CSR Commercial Real Estate Services and should not be made avail-able to any other person or entity without the written consent of CSR Commercial Real Estate Services. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the property. The information contained herein is not a substitute for a thorough due diligence investigation.

CSR Commercial Real Estate Services has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, CSR Commercial Real Estate Services has not verified, and will not verify, any of the information contained herein, nor has CSR Commercial Real Estate Services conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided.

All potential buyers must take appropriate measures to verify all of the information set forth herein.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.

PLEASE CONTACT CSR COMMERCIAL REAL ESTATE SERVICES FOR MORE DETAILS.

16880 joleen way • morgan hill , ca 95037...apple inc. and dell, and internet companies google and...

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