EXECUTIVE INN SUITES 16505 Condit Rd, Morgan Hill, CA 95037
OFFERING MEMORANDUM PROPER TY INFORMA TION SECTION 1 Property Information
2 Executive Summary nainorcal.
$8,750,000 11,480 SF
PRICE SQ FT com
Property Details Property Highlights Street Address: 16505 Condit Rd. • Property includes 32 standard rooms, junior suites, and jacuzzi Total Square Footage: 11,480sf rooms 7.1% Add text here... City, State, Zip Morgan Hill, CA 95037 • Boutique hotel near popular restaurants, wineries, golf courses, CAP RATE ADD TEXT HERE... Price / SF: $762.20 shopping centers, festivals, and sports venues ideal for business travel, temporary housing, or weekend getaways Tenancy: Single Number of Floors: 2 • Easy access to Highway 101 as well as public transportation Building Class: C • Solar panels cut the electricity bill by approximately 50% Year Built: 1991 • 85 parking stalls situated on a large 1.75 acre lot Zoning: TUD • Potential for owner to develop an additional 53 hotel rooms on site
3 Property Description
Property Description 16505 Condit Rd oDers: Convenience, privacy, location, recreation,
entertainment, eateries, development opportunity, and quick nainorcal. access to public transportation.
Location Description com Conveniently located only 22 miles south of the San Jose International Airport/SJC, 55 miles south of the San Francisco International Airport/SFO, and 40 miles northeast of Monterey.
Just a few minutes away from some of Silicon Valley’s Enest attractions, including the Gilroy Premium Outlets, Gilroy Gardens and the Gilroy Garlic Festival.
The hotel's central locale between San Francisco and Monterey make it the ideal spot to stay and enjoy all the Bay Area has to oDer. Guests enjoy the close proximity to excellent restaurants, wineries, golf courses, outdoor recreation, shopping, festivals, sports venues, and downtown Morgan Hill.
The hotel is located across the street from the Morgan Hill Outdoor Sports Center and adjacent to the Morgan Hill Aquatics Center.
4 Regional Maps nainorcal. com
Morgan Hill, CA Morgan Hill, CA
5 Location Overview Map nainorcal. com
6 Additional Photos nainorcal. com
7 Demographics Map & Report
Population 1 Mile 3 Miles 5 Miles Total Population 6,009 45,960 58,729
Average age 35.1 36.2 36.7 nainorcal. Average age (Male) 34.9 35.1 35.6 Average age (Female) 34.6 36.8 37.4 com
Households & Income 1 Mile 3 Miles 5 Miles Total households 2,059 14,986 18,816 # of persons per HH 2.9 3.1 3.1 Average HH income $108,548 $113,533 $118,736 Average house value $732,923 $710,803 $726,186
* Demographic data derived from 2010 US Census
8 Complete Highlights
Location Information Building Name Executive Inn Suites
Street Address 16505 Condit Rd nainorcal. City, State, Zip Morgan Hill, CA 95037 County Santa Clara com Market South Bay/San Jose Sub-market Morgan Hill
Cross-Streets Barrett Avenue/San Pedro Avenue
Signal Intersection No
Building Information NOI $620,970.00 Cap Rate 7.1 Tenancy Single Number of Floors 2 Year Built 1991 Free Standing No Corridors Exterior
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9 L OC A TION INFORMA TION SECTION 2 Location Information
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