$4,800,000
$4,850,000
1.0%For more information regarding the value of a property, please contact us for a free consultation.
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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Bought with Adam S. Levin • 24/7 Realty Inc.
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Broker Associate | Lic# 01905244