CUPERTINO, Calif., Sept. 12, 2016 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, is pleased to announce the sale of Saich Way Station, a 15,525-square-foot multi-tenant retail center located less than one mile from Apple Inc.’s headquarters in Cupertino, California. The $16.5 million sales price equates to $1,063 per square foot. Kirk Trammell, senior vice president investments in Marcus & Millichap’s Palo Alto office, along with Vincent Schwab, senior vice president investments in the … [Read more...]
A Coveted Car Community
There’s nothing else like it on the Monterey Peninsula. Garage Unlimited of Monterey offers 46 car and storage condos ranging from 1,384 sq. ft. to almost 2,700 sq. ft. of space in a private, access-controlled facility at Ryan Ranch near the airport. In an area that loves its cars — yet has a serious shortage of attached garage space in many residential areas and new developments — it’s no surprise that Garage Unlimited of Monterey has been embraced by collectors and track-driving enthusiasts with an affinity for a world-class circuit such as Mazda Raceway Laguna Seca. But what really … [Read more...]
We Broke Ground!
We held our official Groundbreaking Ceremony on Thursday, April 14th. There was a great turn out and everyone had a wonderful time. Thank you to those who attended and shared this milestone in our project with us. We were also featured in the weekly Carmel Pine Cone Newspaper. Read the article on page 12A. … [Read more...]
4 Ways to Add Value to Your Commercial Property
Commercial real estate has always been an attractive and lucrative investment business. Its value has further increased with the increasing density of small businesses. The cash flow in commercial real estate business primarily depends on your strategy before investment and the potential of property to increase the value. The following tips will help you add value to your commercial property in order to make the most out of it. 1. Make the Right Type of Improvements There are two types of property improvements. Cosmetic improvements Substantial improvements New carpeting, … [Read more...]
Storage Units, Now With Space to Cook, Relax and Entertain
Garage Unlimited of Monterey was mentioned in The Wall Street Journal! "Gourmet kitchens. Indoor basketball courts. The newest place for luxury amenities isn’t at your home: It is in your storage unit. As the top end of the real-estate market boomed in many cities, a parallel market for high-end storage appeared as well... In California, Garage Unlimited of Monterey is targeting car collectors with its 46 units, each with a mezzanine." » Read the article … [Read more...]
Hangar Storage Not Likely a Viable Alternative for Cars
Flying in the Face of a Proposed FAA Directive Owners searching for places to store vintage and collector cars, race or high-performance track cars, or exotics have explored almost every option. Once you run short of space in your or your friends’ garages, and have checked into the nearest self-storage facilities (which really aren’t an ideal option in any case), what do you do? For some, the sky’s the limit in their efforts — and that has led them to airport hangar space. Car Storage at Santa Monica Airport The general aviation airport in Santa Monica is an excellent example of … [Read more...]
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