This is an Opportunity Zone Property with Potential Tax Advantages for Tenants and their Owner/Investors
John L. Taft BRE# 01956946 O: 408 847 1553 7573 [email protected] C: 408 307 4433 Monterey Street Gilroy, CA
1 ACTIVATING GOURMET ALLEY # Gourmet Alley
Named “Gourmet Alley” in 1984 after the heart of the world-renowned Gilroy Garlic Festival, this micro- district is centered in an alley in Gilroy’s historic downtown district. Recently, the property owners agreed to begin to activate Gourmet Alley as Gilroy’s new downtown destination. We are planning to offer entertainment galore, restaurants, micro-breweries, shops and a boutique hotel. We invite you to join us to celebrate the “stinking rose.”
2 Site Information
APN: 799-06- DHD (Downtown 2,840 SF Lot 043 Historic District)
Opportunity Location Walkability Transit Score - Zone location Score - 94 Score - 91 45
3 The Property 1,600 SF Building
60% Coverage Ratio
20 ft frontage on Monterey and Gourmet Alley
10 ft height panel and T-bar ceiling
Outdoor seating in front
Patio seating and parking in rear
100 Amp electric service
Recessed lighting
Zoning allows retail, studios, convenience stores, personal services, entertainment or restaurant tenants for this building. Office space requires a conditional use permit. The space is ready for you to design the space to meet your specific needs and your choice of finishes. Listed NNN Rents are $1.35 and NNN Expenses are estimated at $0.25 monthly.
4 The Floor Plan
5 The History One of the historic buildings in downtown Gilroy, 7573 Monterey was originally built in 1920. Commercial development during this time period was characterized by rapid expansion and growth of businesses related to the everyday needs of Gilroy’s citizens. The Thomas Hines Grocery was one of the first businesses to occupy this building. The grocery store was replaced by the Gilroy Coffee Shoppe approximately three years later. Aided by the addition of City sidewalks and paved streets, these businesses attracted the first pedestrian traffic downtown. Notable additions included the Strand Theater and the Milias Hotel and Restaurant. This building is another variant of the urban design form of this era which consisted of a rectangular shaped single-story brick commercial structure whose most distinctive historical feature is the unification the central business district and the framing of the large multi-stored buildings which gave the area a mission/Spanish colonial revival style. This neo-classical style of architecture for the commercial district of the downtown was flanked by pleasant, well landscaped detached homes most often on a cottage scale. In recent years, the varieties of use have continued with an antique store, a jewelry store, and most recently a clock and related collectibles store. Are you ready to add the next chapter to the long history of this historically significant building in downtown Gilroy? Gilroy Overview Gilroy is a community with a spice for life. There truly is something for everyone in Gilroy. The area abounds with outdoor activities, with several award-winning parks, golf courses, hiking trails, and nearby lakes for camping, fishing and water sports. Gilroy’s quaint downtown features numerous local restaurants and boutique shops, which blend historical charm with a modern energy. In the foothills around the city are several world-renowned wineries that offer tastings and tours. Gilroy Gardens Family Theme Park is a local treasure, providing good old-fashioned fun for the whole family. Garlic put Gilroy on the map, and we are still proud to call ourselves “The Garlic Capital of the World.” Every summer, thousands of visitors from around the globe come to celebrate the “stinking rose” at the Gilroy Garlic Festival. This volunteer-run event brings the entire community together and has raised more than $11 million for local charities and non-profits.
Located at the southern gateway to Silicon valley, Gilroy is a family friendly community and a major retail destination that is fast becoming an economic hub. Gilroy is the ideal space to build your business with convenient freeways and rail access to the Bay Area Salinas Valley and Central California. Other benefits include affordable housing, a diverse population, development–ready land, skilled workers and business incentives for qualifying companies. Gilroy is one of the fastest growing cities in Santa Clara County. Its peaceful neighborhoods, affordable housing and pleasant weather make it a wonderful place to work, live, and play. 7 Confidentiality and Disclaimer This Offering Memorandum (“OM”) contains select information pertaining to 7573 Monterey Street (the “Property”) located in Gilroy, CA. It has been prepared by Maxima Realty Group (“MRG” or “Broker”). This OM is not all inclusive and does not contain all the information a prospective tenant may desire. The information contained in this OM is confidential and furnished solely for the purpose of a review by a prospective lessee of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Owner or Broker. This material is based in part upon information supplied by the Owner and in part upon information obtained from sources that Owner deems reliable. Neither MRG or Owner, nor their officers, employees, or agents make any representations or warranty, express or implied as to the accuracy or completeness of the OM or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective tenants should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence. By acknowledging your receipt of the OM for the Property you agree: the OM and its contents are confidential, you will hold it and treat it in the strictest of confidence and you will not directly or indirectly disclose or permit any one else to disclose this OM or its contents in any fashion or manner detrimental to the interest of the Owner Owner expressly reserve the right, at their sole discretion, to reject any and all expression of interest or offers to lease the Property and to terminate discussions with any person or entity reviewing the OM or making an offer to lease the Property unless and until a written agreement for the lease of the Property has been fully executed and delivered. A prospective Tenant sole and exclusive rights with respect to this prospective transaction, the Property or information provided herein or in connection with the lease of the Property may be limited to those expressly provided in an executed Lease Agreement and shall be subject to the terms thereof. In no event shall a prospective lessee have any other claims against Owner or Broker or any of their affiliates or any of the respective officers, directors, shareholder, owners , employees, or agent for any damages, liability or causes of action relating to the marketing or lease of the Property.