Ralph Borelli Talks About How Racing and Business Can Be a High-Octane Mix

The 2nd Annual Spring Classic is a vintage racing event that will be held May 18th – May 20th at WeatherTech Raceway Laguna Seca in Monterey. The Spring Classic weekend remembers and celebrates the fast and thrilling 1970s, 1980s and 1990s in the world of motorsports.

On Friday through Sunday, you can watch spirited competitions among run groups that include historic open-wheel cars, sports cars, stock cars, and motorcycles. But before the racing begins, you won’t want to miss Saturday’s second annual community celebration, LaGalaSeca — a can’t-miss evening that includes a wine reception, sumptuous dinner, silent and live auction, plus an eye-opening panel discussion featuring racing industry influencers — with all proceeds benefitting the SPCA for Monterey County.

Included in that panel discussion will be our own Ralph Borelli, founder and co-managing member of Monterey Motorsport Park, who will talk about how racing and other track activities can serve as a high-octane mix fueling successful business development efforts.

LaGalaSeca promises to be a fabulous evening, with a wine reception and silent auction at 6, followed by a Polynesian-themed dinner at 7 p.m., the lively and informative panel duscussion at 8, and a no-holds-barred live auction to conclude the festivities. Tickets are going fast — but a few spots remain. To RSVP for this unforgettable event at the hospitality pavilion at WeatherTech Raceway Laguna Seca, contact Ardelle Lind at (831) 242-8210 or email [email protected].

Golf No Longer Par for the Course

For years, common wisdom has positioned a round of golf as the ideal means to conduct business and close deals. But if you’ve ever spent time waiting and waiting and waiting on some par-3 hole while multiple groups ahead of you spray balls all over the place, you know that isn’t a great time to be chatting with an annoyed customer.

And unless your customer has the patience of a saint, you also might not want to try talking business when he puts his third ball into the lake, or takes another swing that’s more sand than ball as he tries to dig his way out of a deep bunker.

Racing, on the other hand, is a guaranteed adrenaline-producing activity that can get individuals revved up and ready to go for any conversation. As the owner of a vintage stock car, Ralph Borelli has looked to various car- and track-related events to make connections that have led to substantial business for his commercial real estate firm, Borelli Investment Company.

In 1999, Ralph purchased the #22 Maxwell House car — a 1991 Ford Thunderbird that raced on the Winston Cup circuit from 1991 to 1993 and captured the pole position at the Daytona 500 in 1992. Since then, he’s competed in many vintage races, driven the car on just-for-fun track-driving days, and offered rides to numerous individuals to raise money for worthy causes.

Driving Successful Business Deals

The relationships that Ralph has built or nurtured through rides in his race car or enjoyable hours spent on pit row or in hospitality suites or motor coaches on track weekends have driven some of the largest deals Borelli Investment Company has closed. One notable relationship that started with a ride for charity in Ralph’s car in conjunction with the San Jose Grand Prix in 2005 ultimately led to the ongoing development of Market Park San Jose — at 120 acres and $3.5 billion, the largest transit-oriented development and mixed-use community in Silicon Valley.

Racing and a love of motorsports was also a key ingredient in bringing together the development team behind Monterey Motorsport Park — an exclusive garage-condo complex and car community just down Highway 68 from WeatherTech Raceway Laguna Seca near Monterey Regional Airport.

The 84 car and storage condos ranging from under 700 sq. ft. to more than 4,250 sq. ft. are ideal for storing cars, motorcycles and other valuable items, large or small, in a secure environment. Spacious mezzanines in every unit also provide plenty of space to customize an office or leisure retreat above the garage floor — positioning this to be a vibrant car community, not some cold, impersonal storage facility.

Learn More About Monterey Motorsport Park

We are excited to announce a great opportunity coming up at WeatherTech Raceway Laguna Seca. 

Witness historic and vintage racing at the 2nd annual Spring Classic. Our own Co-Managing Partner, Ralph Borelli will be at the wheel of the #22 Maxwell House Stock Car. Stop by and say hello!

LEARN MORE!

(All Photos: T.M. Hill)

Secure Garage Storage and Unmatched Amenities

If you’re a car collector, large or small, or a motorsports enthusiast with a favorite car or two that you like to take out to WeatherTech Raceway Laguna Seca or other Northern California circuits for open-track driving days, you likely have one problem.

Where’s the best place to store your cars?

Your residence is never an ideal solution. Your home garage may be overflowing with family vehicles and household items that already cause enough tension between you and your spouse. And every time you go into or out of the garage, you expose your car to the elements.

So, perhaps you’ve been thinking about renting a mini-storage unit or warehouse space. But are those actually viable solutions? Better listen to that voice inside your head.

A Long List of Shortcomings

The two most obvious alternatives to home garage storage — mini-storage and warehouse space — have numerous serious shortcomings.

Mini-storage is not really well-adapted for car storage. Units are typically smaller and may be a very tight fit. Roll-up doors are of the lowest quality and there are no walk-in doors for easy access. In addition, most units aren’t insulated, don’t have alarms and won’t let you work on your car in your unit. Check out a comparison between mini-storage and Monterey Motorsport Park here.

As for warehouse space, that option is really only viable for people with much larger collections — and with the funds to convert a dusty non-insulated space into something suitable for storing a valuable classic car collection.

Garage-Condos with Character

That’s why you’ve got to see Monterey Motorsport Park — the next evolution of garage-condos. This unique facility offers 88 units that are purpose-built for motor vehicles — with an appropriate level of security and a ton of amenities for discerning collectors and motorsports enthusiasts on the Monterey Peninsula.

Located along Highway 68 adjacent to the Monterey Airport, Monterey Motorsport Park offers units ranging from just under 700 sq. ft. to approximately 4,250 sq. ft. The garage-condos are ideal for any number of cars, and will also accommodate larger items such as sprinter vans, a boat and trailer, furniture from a second house or a child’s college apartment, or boxes of business files.

Start with Security…End with a Unique Community Feeling

When you purchase a Monterey Motorsport Park garage-condo, you’ll enjoy unmatched amenities:

• Security safeguards — Completely fenced perimeter with 24×7 access-controlled entrance gates, abundant lighting and video cameras covering common areas — plus all units are individually alarmed
• Out-of-the-box design — Look up…the ceilings soar up to nearly 25 feet, with large roll-up entrance doors for vehicles and standard doors for you and your guests
• Personal office, retreat or qualified business usage — Second floor mezzanines are standard in every unit and most owners plan to customize these into personal spaces — with a desk, sofa, wet bar, and refrigerator — plus a large-screen TV to enjoy their favorite races or sporting events
• Phone-Internet-Cable — Cat 6 wiring provides Internet and phone service, plus additional optional security features — with the option cable hookups as well
• Water and electrical — Units are pre-plumbed for sinks and bathrooms, and each has a 200-amp electrical panel with outlets and upgrades available
• Ownership advantages — Unlike mini-storage, these are units you own, offering you the advantages of a leveraged investment, potential tax benefits, and long-term appreciation — plus you always have the option of leasing your unit to create a steady income stream
• True car community — The vast majority of owners are passionate about their cars or motorcycles just like you are — this will create a sense of community that will make it a fun place to hang out and swap car and track stories

Best Time to Buy

Monterey Motorsport Park is scheduled to start construction this summer, with the grand opening planned for the spring of 2019. But while that may seem a long way off, now is really the best time to buy.

First, you’ll want to get in while the selection is still good. Already, 45% of the space has been spoken for before a shovel of dirt has been turned. But there’s still a broad selection of units, large and small. So, there’s no time to waste.

Second, Monterey Motorsport Park is offering attractive incentives to those who buy during the pre-construction period  — including an automatic garage door opener and a polished concrete floor — included with your unit at no additional charge.

For more information, contact our brokers

Maximizing the Benefits Compared to Mini-Storage

Monterey Peninsula residents love their cars — and cars love the Monterey Peninsula. Its windswept vistas. Steel-blue stretches of ocean. The magnificent, soaring heights of Big Sur and miles of winding back roads. Our local love affair with the automobile is further reinforced by Monterey Car Week, which draws auto enthusiasts from around the world to the Monterey Peninsula every August.

But, here’s the irony. For an area that reveres the car as much as we do, there aren’t enough places to safely and securely store these treasured machines. Many of the quaint cottages and homes in upscale communities such as Carmel have no garages. And many of the newer condos being built have minimal or no provisions for garages.

If you’ve ever considered mini-storage, you know that isn’t really an answer. Fortunately, now there’s Monterey Motorsport Park — the Monterey Peninsula’s next generation of luxury garage-condos, with a total of 88 units ranging from approximately 700 to 4,250 sq. ft.

24-Hour Gated Entry, Individually Alarmed Units, Easy Drive-In or Walk-In Access, Wall and Roof Insulation, and Unique Mezzanines

How does Monterey Motorsport Park compare with the typical mini-storage facility? The truth is — there’s no comparison!

Monterey Motorsport Park offers spacious, clean, first-class garage condos on a scale that dwarfs a mini-storage unit’s meager offerings. Ceilings of up to 25 feet with inviting mezzanines that can be customized into comfy retreats or offices. Roll-up doors that range from 12’ x 12’ up to 14’ x 14’ — plus a standard walk-in door. All in a completely fenced environment with access-controlled gates, video surveillance and alarms in individual units.

No wonder 45% of the space is already gone, before construction drawings have even been started. To get more information — including details about pre-construction incentives worth thousands of dollars — please contact our brokers by clicking here. 

The McCall name is synonymous with motorsports on the Monterey Peninsula. Gordon McCall and his wife, Molly, co-host the breathtaking McCall’s Motorworks Revival gala at the Monterey Jet Center to kick off Monterey Car Week every August. In addition, Gordon McCall is a co-founder of The Quail, A Motorsports Gathering — held at the end of car week at Quail Lodge & Golf Club in Carmel Valley — as well as a complementary event: The Quail, Motorcycle Gathering, which is held annually in the spring.

A Monterey Peninsula native who grew up in Carmel, as a youth McCall started out sweeping floors at a local Ferrari dealership. Over the years, he has run a respected car restoration business, served as a specialist for Christie’s International and a class judge and field coordinator for more than 25 years at the Pebble Beach Concours d’Elegance, and built his current business, McCall Events, into a leader in the events planning and management category.

And now, McCall has become a key member of the development team that’s spearheading the creation of Monterey Motorsport Park — representing the next generation of luxury garage-condos and a unique car community, located on Hwy 68 adjacent to Monterey Regional Aitport.

Equally important, Gordon and Molly McCall will be purchasing three garage-condos at the complex, totaling approximately 3,500 sq. ft. of space.

“There are very few affordable, upscale opportunities for car enthusiasts to solve the never-ending challenge of where we can enjoy our passion away from our home garage — if we’re fortunate enough to have a garage connected with our residence here on the space-constrained Monterey Peninsula,” McCall said.

New Home of McCall Events

McCall’s Motorworks Revival

McCall plans to use his largest unit, totaling 2,100 sq. ft. of space, as a showroom for his extensive car and motorcycle collection as well as office space for McCall Events. He will be rotating the vintage cars he owns in and out of the space, and will also display more than 20 unique vintage motorcycles.

Every garage-condo at Monterey Motorsport Park has a spacious mezzanine 14 feet above the garage floor, which is accessed via an internal staircase. Gordon and Molly McCall plan to customize this space into a luxurious dual office/lounge environment. Built-in cabinets with dramatic lighting will display a one-of-a-kind collection of hand-built, 1/43-scale model cars that McCall collects. In addition, the walls throughout the space will be decorated with framed motorsports memorabilia that McCall has acquired over the years.

“These keepsakes inspire me in my work world and remind me of the path that I’m on,” noted McCall.

Nothing comes from nothing, Molly McCall

Gallery Space for Molly McCall

One of the other two spaces the McCall’s are investing in at Monterey Motorsport Park will be used as an art gallery by Molly McCall. A noted painter and photographer whose work has been featured in Architectural Digest and exhibited in prestigious museums and art galleries across the U.S., she looks forward to having a permanent space to show her pieces to discriminating collectors, visitors and friends. Like Gordon, Molly is a native of the Monterey area and has a special affinity for the unique lifestyle led by local residents — and this is often reflected in the various pieces that she creates.

Compelling Reasons to Be at Monterey Motorsport Park

When asked why he is looking forward to being part of the extraordinary Monterey Motorsport Park car community, McCall has a number of ready responses.

“My interest in vintage motorcycles and cars is one that I don’t think is best enjoyed in a vacuum,” he explained. “Being surrounded by friends who share similar interests makes getting together and swapping stories much more fun.”

McCall cited three keys reasons for investing in a garage-condo at the community:

• Own vs. rent — It’s ideal to be able to own space in a secure, well-located and well-built facility, and enjoy the tax benefits of bringing our businesses here.
• Lasting friendships — I’ve become acquainted with a really interesting group of like-minded people from the Monterey area car world and many of them will be joining us here. We look forward to spending time with new and old friends at Monterey Motorsport Park.
• Unbeatable address — Bottom line: to have a facility such as this on the Monterey Peninsula is rare. The location can’t be beaten, and neither can the amenities.

“Monterey Motorsport Park is the solution on so many levels for motorsports enthusiasts and car collectors,” summed up McCall. “I honestly don’t think a buyer will ever regret investing here. But those who don’t take advantage of this opportunity will really have missed the boat.”

Brisk Sales Mean the Opportunity Won’t Last Long

Construction is scheduled to start at Monterey Motorsport Park in the spring, with the grand opening targeted for early 2019. But interested parties are advised not to wait — already 40% of the space has been reserved, and there are generous incentives worth thousands of dollars for those who step up during the pre-construction period. Once construction starts, those incentives will be gone.

To learn more, contact Gordon McCall directly at [email protected] or call (831) 372-9311. Or you can contact our brokers directly here.

It’s happening all around the Monterey Bay area. In quaint little cottages on the beach in Carmel. Rustic coastal cabins in Santa Cruz. And especially, in new high-density housing that’s being built in response to soaring land values.

Home garages are pulling a disappearing act.

Anywhere living space is at a premium, the first thing to go is the garage. As older residences are renovated, it’s quite common to see garages converted into needed family space. And many new condo, townhome and apartment developments are being built with no personal garage space whatsoever.

Unfortunately, this trend is in direct opposition to the lifestyles we lead here on the Monterey Peninsula. More people than ever are staying active. They surf, sail or windsurf. They camp in our scenic parks. They own mountain bikes and diving gear, tents and camping equipment, boats and RVs — not to mention multiple vehicles, often including vintage cars that they enjoy working on. And without a garage, there’s nowhere to store anything.

Offsite Garage Storage Is the Answer

Monterey Motorsport Park not only solves this by offering the offsite garage storage you need — but also represents the next generation in garage-condos, a very worthy successor to the sold-out luxury garage-condo developments elsewhere on the Monterey Peninsula and in Santa Cruz.

Whatever you’re looking for, you’ll find it here:

• A security-conscious development adjacent to Monterey Regional Airport with access-controlled gates, abundant lighting, video in common areas, and alarms in individual units
• Garage-condo units in all sizes from less than 700 sq. ft. to more than 4,250 sq. ft., with ceilings of up to 25 feet
• The flexibility to store almost anything: your collector or track cars, valuable wine collection, household stuff from vacation home furniture to holiday decorations, business materials such as financial records or additional stock merchandise, and even a boat or RV in the largest units in selected locations within the complex
• A mezzanine in every unit that’s 14 feet above the garage floor — most owners will be customizing this into a personal office or their own leisure retreat getaway
• Connections for Internet and phone service, as well as cable TV hookups
• An attractive, modern design with stone wall treatments and welcoming entry canopies — this is nothing like a self-storage unit

Nearly One-Third of Monterey Car Storage Condos Are Sold

Buyers who missed out on Garage Unlimited of Monterey — developed by the same team that’s building Monterey Motorsport Park — are snapping these units up. Who knows when another opportunity like this will present itself, if ever?

The final construction drawings are still awaiting city approval — with groundbreaking expected in the spring — and yet 40% of the units are already reserved. Don’t wait! Get in now while there’s still plenty of selection, you can more easily make modifications if you desire, and there are valuable pre-construction incentives that include electric openers for the large roll-up doors plus a finely polished concrete floors in your unit.

Contact us today to learn more!

The humble garage. When it was first conceived, it seemed like a fine idea: an enclosed space in which to park the family cars and protect them from heat and cold, rain and the occasional passing seagull. But somewhere along the way, the idea of a traditional attached garage has been run off the road.

Rather than hosting cars, garages have been outfitted with pool or ping pong tables or arcade games and transformed into an entertainment space. Or they have been made into home gyms, complete with a set of bar bells and maybe a treadmill that if only the person who bought them would use the darn things, there would be no reason to go to the next higher pant size.

Guys have also gotten carried away and decided that it would be even better if they could use their garage as a makeshift shop for do-it-yourself auto service or modifications — filling the space with tools, test instruments and un-drivable vehicles with their parts scattered all over the floor for months at a time.

And in what little room may be left, your guy has likely squeezed in camping gear, sports equipment or what have you. In other words, just about anything that you won’t let him bring into the house, he stashes in the space where you’d like to simply park your car.

Ladies Love Garages Too

But lest you laugh a little too loudly, ladies, we see you looking longingly at your garage space as well.

Unless you’re a car gal — and there are a growing number of those today — your interest in the space may have nothing to do with motor vehicles. But we know that you’re filling it with boxes of Christmas ornaments, clothes and shoes you’ve removed from your closet but can’t part with, furniture, extra household items, and who knows what else? Where does all this stuff come from?

In the meantime, your family’s cars are looking lonely and exposed parked in your driveway or at the curb.

Bring your Cars in from the Cold at Monterey Motorsport Park

It’s time to take your garage back!

Monterey Motorsport Park offers upscale Monterey garage storage adjacent to the airport. You’ll find 88 unique garage-condos — ranging from under 700 sq. ft. to more than 4,250 sq. ft. of space. This will let you clear out your home’s garage, so you can finally park your cars where they belong. These garage-condos are ideal for:

• Storing and wrenching on your cars or motorcycles to your heart’s delight
• Packing in a variety of household items such as holiday decorations, extra furniture from your vacation home, your kids’ college furnishings, boxes of personal files, and more
• Storing business equipment or supplies
• Parking a large luxury motorcoach, RV or boat (selected units)

Other features offered by Monterey Motorsport Park’s garage-condos include:

• Ceiling heights up to 25 feet, creating room for a spacious mezzanine 14 feet above the garage floor, accessible by an interior staircase
• These mezzanines can be customized into offices or personal retreats with Internet and cable TV options, helping to create what will be a unique car-driven community
• A well-planned design for the complex that includes access-controlled entry, abundant lighting and video in common areas — plus alarms in individual units
• The opportunity to own, not lease, your unit, locking in today’s property values and low interest rates, and offering the potential for generous appreciation over time — especially with the number of residences in places such as Carmel that have inadequate garage space…or no attached garage at all

These Monterey Car Storage Condos Are Going Fast

No doubt these garage-condos sound like the perfect way to finally be able to use your garage at home. Then, it should be no surprise how fast these units are selling!

Already, 30% of the garage-condos at Monterey Motorsport Park are spoken for — before construction drawings have even been finalized. Reserve yours now while the selection is still excellent, you have the flexibility to customize your unit if desired, and you can earn pre-construction incentives that include an automated roll-up door opener and a high-quality polished concrete floor in your unit.

Contact us Today!

Photo credit: Alexander Kirch – Aachen, Germany, June 14, 2013: Arranged Street shot of an historic Martini racing Porsche 911.

Collectibles Soaring in Popularity and Value

Passion investing — putting a percentage of your wealth into something you love — has become highly popular over the past decade or so. The concept is so well accepted that many investment advisors suggest that their clients allocate a fixed percentage — perhaps 15 to 20% of their wealth — in this investment category.

What’s a passion investment? Typically, it’s something you’d spend your money on even if you weren’t considering it as an investment, which then grows over time as you recognize the value that’s being created by your collection. Here are some of the leading types:

• Art
• Antiques
• Collector cars and motorcycles
• Coins, stamps and firearms
• Fine wines
• Historical collectibles
• Jewelry
• Sports or entertainment memorabilia

For some, it could even mean buying a small winery or some vineyard acreage to indulge in a passion to produce their own wine. The point is: these are all investments in which you take a great deal of personal pleasure while you watch their value grow over time.

Collector Cars Racing Ahead with 500% Return

Aston Martin V8 Vantage in Istanbul Autoshow 2015. Editorial credit: EvrenKalinbacak

One of the fastest moving passion investments has been car collections. In a 2016 report, CNBC’s Deborah Nason said, “Classic cars are gaining attention due to their nearly 500% returns over the past decade, outpacing art and wine by more than 100%, as reported by the Knight Frank Luxury Investment Index.”

The most valued nameplates include Aston Martins, Ferraris and Porsches, but lately a wider range of cars including American muscle cars and more recent models are showing solid gains for collectors as well.

The rapid appreciation in value has shifted cars out of the realm of casual collectibles and into a serious asset class. And just as you wouldn’t tuck away a Picasso or Rembrandt in your closet or keep a wine rack full of $10,000 Bordeaux’s in your front room, it doesn’t make sense to store even a modest collection of classic cars in friends’ garages or a dusty warehouse or ministorage unit.

May, 2017. Museum Enzo Ferrari exhibit a Ferrari 340 MM Vignale. Editorial credit: Fed Photography

Matching your Passion for Cars

Monterey Motorsport Park represents the next generation of specialized garage-condos perfectly suited to car collectors’ needs. The four-building complex located just off Hwy 68 adjacent to the Monterey Airport provides security-conscious, access-controlled storage plus a fun car-driven community — with many owners who share your interest in car collecting.

The exclusive, upscale facility has a total of 88 car and storage condos ranging from less than 700 sq. ft. to more than 4,250 sq. ft. with the option during preconstruction of combining units to create an even larger space if you need it.

These garage condos are ideal for car collectors with any size of collection, RV or boat owners, or anyone who needs additional storage space for their business or personal items such as furniture from a vacation home, recreational equipment, or anything that’s been cluttering your home garage. Attractive features include:

• A stylish design with modern clean lines, stone treatments and welcoming entry canopies
• Ceilings soaring up to 25 feet, with large roll-up doors up to 14’ x 14’, 12’ x 14’ or 12’ x 12’, depending upon your unit’s location — and a standard walk-in door as well
• Mezzanines 14 feet above the garage floor, accessible via an interior staircase. Many owners are planning to customize this space into an office or personal retreat — with a large-screen TV, sofa, wet bar, and more to enjoy their favorite races or sporting events.
• Wiring for Internet and phone service, with optional cable TV access available
• Completely fenced complex with access-controlled entry gates, abundant lighting, video in common areas, and alarms in individual units

The best part is: just like the passion assets you’re collecting, your investment at Monterey Motorsport Park has the potential to appreciate in value over the coming years — like precious real estate on the Monterey Peninsula has done for decades. You also have potential tax benefits if you use the space for business purposes. As always, you should consult with your CPA or tax professional about the specific benefits you may enjoy.

Opening Scheduled for Early 2019

Construction at Monterey Motorsport Park is scheduled to begin in the spring, with an expected completion in early 2019. But now is definitely the best time to reserve your unit! Pre-construction provides added flexibility if you want to customize your garage-condo for your specific needs. In addition, Monterey Motorsport Park is offering pre-construction buyers free electric garage door lifts plus the grinding and polishing of your garage floor at no additional charge — to give it a glossy, showroom-like finish.

Not surprisingly with the ideal value and location and these additional benefits, approximately 30% of the units are already sold after just a few months! So don’t wait. Contact us today!

Numerous garage-condo projects have sprung up recently in Northern California. While it’s certainly true that these real estate developments hold special appeal for car collectors and other motorsports enthusiasts, jumping to the conclusion that garage-condos only interest a micro-niche of buyers — and therefore have limited upside potential — is clearly not correct.

Rather, these garage-condos have proven to be attractive to a surprisingly broad group of owners and investors — which has led to exceptionally rapid sales and solid investment returns.

$100 Million Worth of Product Totaling 250 Units

In rapid succession, four different automotive-driven garage-condo communities have recently been developed in the area.

• Club Auto Sport, San Jose — 86 units
• Garage Unlimited of Santa Cruz — 52 units
• Garage Unlimited of Monterey — 46 units
• Monterey Motorsport Park — 88 units

Club Auto Sport and the two Garage Unlimited complexes sold out within the past few years. Sales at Garage Unlimited of Monterey were so brisk that the complex was nearly 75% spoken for by the time construction was completed in April of 2017.

Monterey Motorsport Park is scheduled to break ground in a few months, with completion slated for early 2019, and already this newest complex is nearly 30% reserved. That’s 252 garage-condo units worth approximately $100 million that have come onto the market in a very short time — evidence of strong, sustained demand.

Driving Force Behind the Strong Sales

The brisk sales of these luxury garage-condos have been driven by a number of factors:

• The rise of collector cars and motorcycles as “passion investments,” with returns on the most desirable makes and models of as much as 500% over the past decade — far outstripping other investments such as fine art and antiques
• A scarcity of quality, safe storage spaces for these types of car collections and high-performance track cars
• The glaring need for homeowners in neighborhoods such as Carmel for more garage space for storing household items — from vacation-home furniture to holiday decorations — and even business files and materials
• The high cost, complexity and amount of time it takes to expand or build a new residential garage — even if a homeowner has the property needed for the project

Resales Illustrate Investment Potential

Resales that have taken place at the three completed complexes demonstrate that these garage-condos not only sell well, but they also have the potential to substantially increase in value over time. On a recent resale at Garage Unlimited of Monterey, an owner who paid approximately $250 per sq. ft. for his garage-condo sold it for approximately $280 per square foot after holding it for only nine months. That’s an annualized return of approximately 16%.* In addition, an owner at Club Auto Sport in San Jose recently resold his car condo for a gain of 27% after only 10 months.

Don’t Miss This Timely Opportunity

If you’d like to know more about the next generation of luxury garage-condos at Monterey Motorsport Park — with their stylish exteriors, large roll-up doors, ceilings of up to 25 feet, and spacious mezzanines that can be customized into offices or personal retreats — contact one of our brokers.

But don’t wait. While 2019 may seem far off, with 30% of the units already reserved, you’ll want to get in touch while there’s still a good selection. Contact us Today!

Monterey Motorsport Park Offering Preconstruction Incentives and Flexibility

No Better Time to Buy!

If you believe that the early bird catches the worm, here’s an opportunity to get a lot more than a measly worm you might put in your garden or stick on a fishhook.

By acting NOW to reserve your space at Monterey Motorsport Park, you can get:

• A garage-condo to safely store your car or wine collection or to unclutter your personal garage space and earn kudos from your spouse. Kudos are good!
• The flexibility to move a wall or customize your garage-condo in other ways that can only be done before construction drawings are started in a few weeks
• Plus a free lift for your rollup garage door and the free grinding and polishing of your concrete floor to create a glossy, showroom-like finish!

A New Standard in Garage-Condos

In case you missed the news because you were busy with the holidays or closing out another successful year, Monterey Motorsport Park represents a new standard in quality and exclusivity for garage-condos — with a distinctive design that’s as far from mini-storage as you can get.

Located just off Hwy 68 adjacent to Monterey Regional Airport, the four-building complex offers 88 garage-condos ranging from about 700 sq. ft. to 4,250 sq. ft. Oversized rollup doors make vehicle access easy. The versatile units include built-in alarms and are ideal for car collections, extensive wine collections, or any type of garage storage needs — from business files to vacation-home furniture or holiday decorations.

What truly makes Monterey Motorsport Park unique is that every unit features a mezzanine high above the garage floor that can be customized into an office or personal getaway — for watching sports or hanging with friends. Most owners expect to spend some weekends and leisure time here, so it will become a true community of people with similar interests.

Don’t Miss Out on Our Preconstruction Offers

Preliminary work is moving swiftly, so our special pre-construction offers will be gone soon. If you want to move a wall or do other major customizing to a unit, you must act before construction drawings are finalized in a few weeks. In addition, our dual incentives of getting a free electric garage door opener plus having us grind and polish the floor of your unit with a metal or resin-bonded diamond machine to create a stunning mirror-like finish will only be included in the packages of those who buy from now until our groundbreaking — scheduled for the spring.

You’ll also want to get in now while there’s still a broad selection of units. Already, 30% of the garage-condos have been reserved in just a few months since our announcement.

To learn more contact us today!