$4,800,000
$4,850,000
1.0%For more information regarding the value of a property, please contact us for a free consultation.
12,800 SqFt
SOLD DATE : 01/16/2024
Key Details
Sold Price $4,800,000
Property Type Commercial
Sub Type Commercial Property
Listing Status Sold
Purchase Type For Sale
Square Footage 12,800 sqft
Price per Sqft $375
MLS Listing ID ML81936899
Sold Date 01/16/24
Year Built 1985
Lot Size 0.448 Acres
Property Description
The Storage Spot Los Gatos represents a rare opportunity to acquire a well-maintained self-storage facility in the thriving city of Los Gatos, California. Acquisition of the asset will provide an investor with immediate cash-flow and a well-located self-storage facility with strong demographics. Additional upside can be attained through increasing rents to market rents as rental rates have increased steadily in the past few years. The subject property was built in 1985 and more recently renovated in 2005 with a total net rentable area of 12,847 square feet. It consists of 174 total units comprising of self-storage spaces, RV, car, and boat parking. In addition, The Storage Spot Los Gatos sits on a 19,512 square foot parcel of land and consists of two separate buildings with brick and wood construction. The property conveniently sits on a block adjacent to Winchester Blvd which receives daily traffic counts of approximately 15,529 vehicles per day.
Location
State CA
County Santa Clara
Area Los Gatos/Monte Sereno
Zoning LM
Interior
Heating No Heating
Cooling None
Exterior
Garage Attached Garage, Parking Area
Garage Spaces 10.0
Utilities Available Master Meter
Roof Type Flat / Low Pitch
Present Use Other
Building
Story 2
Foundation Concrete Slab
Sewer Sewer Connected
Water Public
Level or Stories 2
Others
Restrictions None
Tax ID 424-27-054
Security Features Security Alarm ,Security Fence
Special Listing Condition Not Applicable
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Bought with Adam S. Levin • Marcus & Millichap