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
755 Jarvis Dr, Morgan Hill, CA 95037 APN# 726-30-012 03
Intero Commercial | A Berkshire Hathaway Affiliate
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%
755 Jarvis Dr, Morgan Hill, CA 95037 APN# 726-30-012 04
Intero Commercial | A Berkshire Hathaway Affiliate
INVESTMENTHIGHLIGHTS
PRICING:$53,000,000
755 Jarvis Dr, Morgan Hill, CA 95037 APN# 726-30-012 05
Intero Commercial | A Berkshire Hathaway Affiliate
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
755 Jarvis Dr, Morgan Hill, CA 95037 APN# 726-30-012 06
Intero Commercial | A Berkshire Hathaway Affiliate
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.
755 Jarvis Dr, Morgan Hill, CA 95037 APN# 726-30-012 07
Intero Commercial | A Berkshire Hathaway Affiliate
PROPERTY PHOTOS
755 Jarvis Dr, Morgan Hill, CA 95037 APN# 726-30-012 08
Intero Commercial | A Berkshire Hathaway Affiliate
PROPERTY PHOTOS
755 Jarvis Dr, Morgan Hill, CA 95037 APN# 726-30-012 09
Intero Commercial | A Berkshire Hathaway Affiliate
PROPERTY PHOTOS
755 Jarvis Dr, Morgan Hill, CA 95037 APN# 726-30-012 10
Intero Commercial | A Berkshire Hathaway Affiliate
PROPERTY PHOTOS
755 Jarvis Dr, Morgan Hill, CA 95037 APN# 726-30-012 11
Intero Commercial | A Berkshire Hathaway Affiliate
PROPERTY PHOTOS
755 Jarvis Dr, Morgan Hill, CA 95037 APN# 726-30-012 12
Intero Commercial | A Berkshire Hathaway Affiliate
PROPERTY AERIAL
755 Jarvis Dr, Morgan Hill, CA 95037 APN# 726-30-012 13
Intero Commercial | A Berkshire Hathaway Affiliate
LOCATOR MAP
755 Jarvis Dr, Morgan Hill, CA 95037 APN# 726-30-012 14
Intero Commercial | A Berkshire Hathaway Affiliate
TRADE MAP
755 Jarvis Dr, Morgan Hill, CA 95037 APN# 726-30-012 15
Intero Commercial | A Berkshire Hathaway Affiliate
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.
755 Jarvis Dr, Morgan Hill, CA 95037 APN# 726-30-012 16
Intero Commercial | A Berkshire Hathaway Affiliate
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.
755 Jarvis Dr, Morgan Hill, CA 95037 APN# 726-30-012 17
Intero Commercial | A Berkshire Hathaway Affiliate
MORGAN HILL, CA
755 Jarvis Dr, Morgan Hill, CA 95037 APN# 726-30-012 18
Intero Commercial | A Berkshire Hathaway Affiliate
PROPERTY IS LESS THAN 2 MILES FROM DOWNTOWN MORGAN HILL
755 Jarvis Dr, Morgan Hill, CA 95037 APN# 726-30-012 19
Intero Commercial | A Berkshire Hathaway Affiliate
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
755 Jarvis Dr, Morgan Hill, CA 95037 APN# 726-30-012 20
Intero Commercial | A Berkshire Hathaway Affiliate
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
755 Jarvis Dr, Morgan Hill, CA 95037 APN# 726-30-012 21
Intero Commercial | A Berkshire Hathaway Affiliate
DEMOGRAPHICS 5 MILE RADIUS
LOCATION | Morgan HillOFFICE | (408) 201-0120 PHONE | (408) 461-0262EMAIL | [email protected] | 00963076
Dan GluhaichRealtor®
CONTACT