JARVIS DR INTERO OM€¦ · Mineta International Airport in San Jose. Morgan Hill’s ideal location o˜ers residents and visitors a vibrant Downtown, year-round outdoor recreational

755 Jarvis Dr. | Morgan Hill, CA 95037

APN# 726-30-012

OFFERING MEMORANDUM

CONTENTS

755 Jarvis Dr, Morgan Hill, CA 95037 APN# 726-30-012 02

Intero Commercial | A Berkshire Hathaway Affiliate

INVESTMENT HIGHLIGHTS

PROPERTY DETAILS

KEY TENANT OVERVIEW

PROPERTY PHOTOS

PROPERTY AERIAL

LOCATOR MAP

TRADE MAP

AREA OVERVIEW

DEMOGRAPHICS

CONTACT



INVESTMENTHIGHLIGHTS

Lot Acres:

Lot (Sq Ft):

Number of Stories:

Building (SqFt):

Year Built:

Zoning:

Land Use:

Area:

Number of Docks:

Number of Tenants:

Ceiling Height:

14.7

1,333,532

2

258,122

1997

M

R&D Facility

1

4

1

14’6”-29’8”

Monthly Rent:

Annual Rent:

Cap Rate:

Lease:

Annual Increases:

$221,000

$2,652,000

5%

10Years @ COE

2%



INVESTMENTHIGHLIGHTS

PRICING:$53,000,000



Type:

Subtype:

Tenancy:

Net Leasable SqFt:

Class B Flex

R&D

Single

257,296

PROPERTY DETAILSCooling:

Heating:

Construction:

Power:

Parking:

Central A/C

Gas

Reinforced Concrete

2

4,000a/277-480v 3p Heavy

260,000 SF @ .85 NNN

388 free surface spaces

Up Doors:Drive Ins w/Roll



KEY TENANTSHOE PALACE CORPShoe Palace is one of the most-trusted athletic footwear and apparel retail chains in the United States. What began as a small, family business has now grown into an extremely-popular chain of stores and an online retail site — shoepalace.com.

SP was built on a strong belief that amazing buyer service, above all else, is the most-important reason why any business flourishes. Shoe Palace prides itself on o�ering its costumers the Ultimate Experience when it comes to their shoe and apparel shopping. The locations, sta�, and products are all the very best imaginable. Shoe Palace carries only elite shoe and apparel brands.

The Mersho clan founded Shoe Palace in 1993. A single brick and mortar location in San Jose, California started it all. The Shoe Palace brand was built on character, commitment, and ingenuity. Presently, Shoe Palace retail locations are located throughout the Southwest, and we are constantly expanding. That amazing growth from a single humble location to nearly 100 stores was accomplished by dedication, hard work, and a commitment to providing a warm, family-type atmosphere for the Shoe Palace customers.



PROPERTY PHOTOS



PROPERTY PHOTOS



PROPERTY PHOTOS



PROPERTY PHOTOS



PROPERTY PHOTOS



PROPERTY AERIAL



LOCATOR MAP



TRADE MAP



FANTASTIC LOCATIONMorgan Hill is a city in Santa Clara County, California, at the southern tip of Silicon Valley, in the San Francisco Bay Area. Morgan Hill is among the most expensive places to live in within the United States, due to its concentration of wealth, owing to its role as a prominent residential region for Silicon Valley.



Morgan Hill is located in South Silicon Valley, just 10 miles south of San Jose. Morgan Hill is a modern suburban community that has successfully retained its rural character amidst the urban hustle and bustle of neighboring communities. Morgan Hill is strategically located along U.S. Highway 101 and is just 30 minutes south of Mineta International Airport in San Jose. Morgan Hill’s ideal location o�ers residents and visitors a vibrant Downtown, year-round outdoor recreational activities, including cycling, golfing, swimming, and boating.

The beautiful tree and grass-covered hills surrounding Morgan Hill contain numerous award-winning wineries, pick-your-own farms, lakes, golf courses, numerous hiking trails and vast open space. The recreational facilities attract 1.2 million visitors annually. You can visit dozens of award-winning wineries via the new Santa Clara Valley Wine Trail, watch the annual Tarantula migration at Henry W. Coe State Park, set up camp in Coyote-Lake Harvey Bear Ranch Park, go boating at Anderson Lake County Park or simply go for a cool dip at the state-of-the-art Morgan Hill Aquatics Center.

You will find that Downtown Morgan Hill is the South Silicon Valley culinary and entertainment mecca with more than 30 restaurants o�ering diners wonderful selections for any palate.

The historic downtown o�ers charming boutiques, public art displays, year-round Farmers’ Market, and special events and festivals that attract 250,000 visitors each year. Popular events such as the Mushroom Mardi Gras, the Fourth of July Parade and the Taste of Morgan Hill are family favorites. You can find art walks, brew crawls and wine strolls throughout the year.



MORGAN HILL, CA



PROPERTY IS LESS THAN 2 MILES FROM DOWNTOWN MORGAN HILL



If you’re a business looking to grow, you’ll find that Morgan Hill is a dynamic community that welcomes your business.

The Economic Development Team in Morgan Hill is there to help you start or grow your business in Morgan Hill. The Morgan Hill Economic Development Team has over 30 years of experience working with businesses and developers, and they pride themselves on their flexibility and responsiveness.

In 2017, the City of Morgan Hill adopted an Economic Blueprint that focuses on job growth and fiscal sustainability. Though they welcome businesses of all types, they have a special focus on four key industry areas:

TourismRetailInnovation andAdvanced Manufacturing

Healthcare



ECONOMIC PROFILE AND DEMOGRAPHICS

KEY REASONS FOR INVESTMENTPrime Retail and Industrial Sites Located along US Highway 101, Morgan Hill o�ers a variety of prime retail and industrial sites that are easily accessible and visible. Thoughtful planning has made Morgan Hill one of the most desirable communities in Santa Clara County. The City has optimum housing options, abundant shopping, award-winning wineries and an historic Downtown with fine-dining restaurant and charming boutiques. There are over eight major shopping centers in Morgan Hill. Manufacturing makes up 20% of all jobs in Morgan Hill ranging from food based manufacturing to high tech.

CURRENT AND FUTURE DEVELOPMENTFuture Project - Madrone Village Expansion - Cochrane Commons Expansion - Monterey Corridor Mixed Use Corridor

Morgan Hill is home to two of the largest business parks in Silicon Valley

Morgan Hill Ranch is the 4th largest business park in the Silicon Valley

Industrial leases range from $.95-$1.83 per square foot

Industrial vacancy rates 2.3%

Retail vacancy rates at 3.7%

15% of Morgan Hill jobs are in Manufacturing



DEMOGRAPHICS 5 MILE RADIUS

LOCATION | Morgan HillOFFICE | (408) 201-0120 PHONE | (408) 461-0262EMAIL | [email protected] | 00963076

Dan GluhaichRealtor®

CONTACT

Documents

JARVIS DR INTERO OM€¦ · Mineta International Airport in San Jose. Morgan Hill’s ideal location o˜ers residents and visitors a vibrant Downtown, year-round outdoor recreational