15105 concord circle • morgan hill , ca 95037...the seagull building, located at 15105 concord...

15105 Concord Circle • Morgan Hill , CA 95037

PRICE REDUCEDHarris Ranch Inspired Office Building Rock Solid Historical OccupancyStrong Net Operating Income

F O R S A L E

R A R E O W N E R / U S E R o r I N V E S T O R O P P O R T U N I T Y

Phone: 408.476.4828

Email: [email protected]

CA Lic. #01499147

Rafael Ramos - Senior Associate

Exclusive Agents Property OverviewThe Investment

Price: $4,350,000Cap Rate 5.38% (Actual)Net Operating Income: $234,004Cap Rate: 5.45% (Pro Forma) , 5.70% (FY2019)Net Operating Income: $236,969 (Pro Forma) , $248,077 (FY2019)

The Seagull Building, located at 15105 Concord Circle in Morgan Hill, offers the distinguished investor a truly unique opportunity to acquire an iconic office building in the heart of South County.

The subject property consists of appoximately 18,222 SF of space distributed across two floors. The property has a number of amenities and benefits from strong historical occupancy.

The property sits in close proximity to Highway 101 and top local employers including Specialized Bikes, Comcast and the new Alien Technology campus.

OWNER WILL GUARANTEE VACANT SPACE AT MARKET RENT FOR 1 YEAR. CALL FOR DETAILS.

Phone: 408.782.4006

Email: [email protected]

CA Lic. #01317241

Steve Malech - Vice President

5330 Camden Avenue, San Jose, CA 95124

Property OverviewProperty HighlightsProperty Information

15105 Concord Circle, Morgan Hill, CA 95037

• Strong Investment or Owner / User opportunity

• Construction allows for a great deal of space customization options

• Strong Net Operating Income (NOI) with updside potential

• Located in Morgan Hill, a rapidly growing community

• Architecture modeled after California's famed Harris Ranch

• Significant upgrades throughout the property including imported cantera pillars, solid stone koi pond and handmade custom roof tiles

• Warehouse / shop space on-site with roll-up door and 14.5' ft. clear height

• Dynamic tenant mix, which is Internet resistant

• Strong historial occupancy

• Directly adjacent to Specialized Bikes Global HQ ($500MM est. revenue in 2011)

• Near major traffic arteries, close to freeway, shopping and food ammenities

• Owner will guarantee vacant space at market rate for 1 year. Call for details

• Address: 15105 Concord Circle

• City / State: Morgan Hill, CA

• Zip: 95307

• County: Santa Clara

• Parcel Number (APN): 817-06-037

• Total SF. (Approx): 18,222

• Lot Size (AC): 1 AC

• No. of Stories: 2

• Year Built: 1991

• Construction: Tilt-up & Framed

• Zoning: ML / PUD

• Parking: 53 surface spaces

Property OverviewF l o o r p l a n


Property OverviewT e n a n t R o s t e r


Property OverviewA e r i a l


Property OverviewA r e a M a p


Property OverviewP a r c e l M a p


??????????????Santa Clara County Market OverviewAbout Morgan Hill

Morgan Hill is a city in Santa Clara County at the southern tip of Silicon Valley. It is a rapidly growing community that is host to a number of top companies in their respective spaces including Flextronics, Specialized Bikes, Safeway, Velodyne LiDAR, and TenCate Advanced Composites.

Since 2000, Morgan Hill has seen significant increases in household income levels. As of a 2016 survey, income levels had jumped +35.20% from 2000. As of 2018, the Median Household Income level in Morgan Hill was among the strongest in the San Francisco Bay Area at $110,769.

Santa Clara County is located at the heart of Silicon Valley and is part of the greater San Francisco Bay Area. According to 2015 estimates, the population is 1,918,044.

The county seat is San Jose, the tenth-most populous city in the United States.

Today, Santa Clara County, is the headquarters for approximately 6,500 high technology companies, including many of the largest tech companies in the world, among them hardware manufacturers AMD, Cisco Systems and Intel, computer and consumer electronics companies Apple Inc. and Dell, and internet companies Google and Netflix.

Based on a 2013 study, the region employs about a quarter of a million information technology workers. The combination of a highly educated workforce and prestigious employers have given Santa Clara County the distinction of having the highest median income of any California County.

In addition to top teir employers, Santa Clara County is home to a number of top universities including Stanford University, San Jose State University and Santa Clara University.

Santa Clara County also features an abundance of entertainment and ammenities including Great America, Levi’s Stadium, Winchester Mystery House, Moffett Airfield, Downtown San Jose, Westfield Valley Fair, Stanford Shopping Center and Bay 101 Casino.

Stanford University

Market OverviewShopping & Entertainment Largest Employers


• 24 Hour Fitness - 0.2 mi.

• TJ Maxx - 0.3 mi.

• CineLux Theatres - 0.3 mi.

• O'Reilly Auto Parts - 0.6 mi.

• Rite Aid - 0.6 mi.

• Morgan Hill Community Park / Recreation Center - 1.0 mi.

• Morgan Hill Aquatic Center - 1.4 mi.

• Morgan Hill Sports Center - 1.5 mi.

• Trader Joe's - 2.1 mi.

• Home Depot - 2.4 mi.

• Morgan Hill Unified School District

• Anritsu Company

• Specialized Bikes

• Paramit Corporation

• Infineion Technologies

• Lusamerica Foods, Inc.

• NxEdge

• Safeway

• Mission Bell Mfg.

• Del Monaco Speciality Foods, Inc.

• GSA Distance from subject property shown above

El Toro Hill

Downtown

Market OverviewD e m o g r a p h i c s


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LegalConfidentiality & Disclaimer


This Confidential Document (the “Memorandum”) has been prepared and presented to the recipient (the “Recipient”) by CSR Com-mercial Real Estate Services ("CSR Commercial") as part of CSR Commercial Real Estate Services’s efforts to market for sale the real property located at 15105 Concord Circle, Morgan Hill, CA 95037 (“The Property”). CSR Commercial Real Estate Services is the exclusive agent and broker for the owner(s) of the Property (the “Owner”). CSR Commercial Real Estate Services is providing this Memorandum and the material contained in it to the Recipient solely to assist the Recipient in determining whether the Recipient is interested in potentially purchasing all or part of the Property. CSR Commercial Real Estate Services also is providing this Mem-orandum and the material in it to the Recipient with the understanding that the Recipient will independently investigate those matters that it deems necessary and appropriate to evaluate the Property and that the Recipient will rely only on its own investiga-tion, and not on CSR Commercial, the Owner or this Memorandum, in determining whether to purchase the Property. The Recipi-ent’s use of this Memorandum, in determining whether to purchase the Property. The Recipient’s use of this Memorandum and the material in it is strictly governed by the terms and conditions of the Registration and Confidentiality Agreement that the Recipient previously executed and delivered to CSR Commercial Real Estate Services.

PLEASE NOTE THE FOLLOWING:CSR Commercial Real Estate Services, the owner and their respective agents, employees, representatives, property managers, officers, directors, shareholders, members, managers, partners, join ventures, corporate parents or controlling entities, subsidiaries, affiliates, assigns and predecessors and successors-in-interest make no representations or warranties abut the accuracy, correct-ness or completeness of the information contained in this Memorandum. The Recipient is urged not to rely on the information contained in this Memorandum and to make an independent investigation of all matters relating to the Property.

This Memorandum includes statements and estimates provided by or to CSR Commercial Real Estate Services and/or the Owner regarding the Property. Those statements and estimates may or may not be accurate, correct or complete. Nothing contained in this Memorandum should be construed as a representation or warranty about the accuracy, correctness or completeness of such statements and estimates. Further, nothing contained in this Memorandum should be construed as a representation or warranty about the accuracy, correctness or completeness of such statements and estimates. Further, nothing in this Memorandum should be construed as representation or warranty about any aspect of the Property, including, without limitation, the Property’s (1) past, current or future performance, income, uses or occupancy, (2) past, current or prospective tenants, (3) physical condition, (4) compliance, or (5) appropriateness for any particular purpose, investment, use or occupancy. Again, the Recipient is urged not to rely on this Memorandum and the statements and estimates in it and to make an independent investigation regarding the Property and the statements and estimates contained herein.

LegalConfidentiality & Disclaimer


This Memorandum may include statements regarding, references to, or summaries of, the nature, scope or content of contracts and/or other documents relating to the Property. Those statements, references or summaries may or may not be accurate, correct or complete. Additionally, CSR Commercial Real Estate Services may not have referenced or included summaries of each and every contract and/or other document that the Recipient might determine is relevant to its evaluation of the Property. Nothing contained in this Memorandum should be construed as a representation or warranty about the accuracy, correctness or completeness of such statements, representations or summaries. On request and as available, and subject to the Owner’s consent, CSR Commercial Real Estate Services will provide the Recipient with copies of all referenced contracts and other documents. CSR Commercial Real Estate Services assumes no obligation to supplement or modify the information contained in this Memorandum to reflect events or conditions occurring on or after the date of its preparation of this Memorandum.

This Memorandum does not constitute an offer to sell, or a solicitation of an offer to buy, an interest in the Property. Nothing con-tained in this Memorandum may be construed to constitute legal or tax advice to a Recipient concerning the Property.

More detailed information regarding the anticipated terms, conditions and timing of any offering by the Owner relating to the Property will be provided in due course by separate communication. CSR Commercial Real Estate Services and/or the Owner re-serve the right to engage at any time in discussions or negotiations with one or more recipients of this Memorandum and/or other prospective purchasers of the Property without notice or other obligation to the Recipient.

The Owner reserves the right to change the terms of any offering relating to the Property or to terminate without notice that of-fering. The Owner also reserves the right to operate the Property in its sole and absolute discretion prior to the completion of any sale of the Property. CSR Commercial Real Estate Services reserves the right to return of this Memorandum and the material in it and any other material provided by CSR Commercial Real Estate Services to the Recipient at any time. Acceptance of this Memo-randum by the Recipient constitutes acceptance of the terms and conditions outlined above.

15105 concord circle • morgan hill , ca 95037...the seagull building, located at 15105 concord...

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