17471 Farley Road W, Los Gatos, CA 95030

$4,800,000
Sold Price
$4,800,000
List Price
$4,850,000
Closing Date
Jan 16, 2024
MLS#
ML81936899
Status
SOLD
Property Type
com
Lot Size
19,512
Listing Area
Los Gatos/Monte Sereno
Year Built
1985

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.

Additional Information

Acres
0.45
Age
38
Cooling System
None
Foundation
Concrete Slab
Garage Parking
Attached Garage, Parking Area
Heating System
No Heating
Lot Size
19,512
Neighborhood
Los Gatos/Monte Sereno
Other Utilities
Master Meter
Present Use
Other
Roof
Flat / Low Pitch
Sewer
Sewer Connected
Special Features
Parking
Unincorporated Yn
Yes
Zoning
LM

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Adam S. Levin from Marcus & Millichap. 650-492-0934

Selling Office: M&MKW.

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