Los Gatos, CA 95030,17471 Farley Road W
Los Gatos, CA 95030,17471 Farley Road W
Los Gatos, CA 95030,17471 Farley Road W
Los Gatos, CA 95030,17471 Farley Road W
Los Gatos, CA 95030,17471 Farley Road W
Los Gatos, CA 95030,17471 Farley Road W
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$4,800,000

$4,850,000

1.0%
Est.Price: ?

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Est. payment /mo

0.45 Acres Lot


SOLD DATE : 01/16/2024

Key Details

Sold Price $4,800,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID ML81936899

Sold Date 01/16/24

HOA Y/N No

Year Built 1985

Annual Tax Amount $56,489

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 699 - Not Defined

Zoning LM

Interior

Cooling None

Fireplace No

Exterior

Roof Type Flat

Total Parking Spaces 5

Building

Story 2

Water Public

Others

Tax ID 42427054

Financing Cash

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Justin & Jessica Bouzane

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California Regional MLS (CRMLS)
Listed by Adam S. Levin • Marcus & Millichap
Bought with Adam S. Levin • 24/7 Realty Inc.

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Justin & Jessica Bouzane

Broker Associate | Lic# 01905244

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