Monterey Motorsport Park Approved; Groundbreaking Set for August

"The Monterey Peninsula has long revered fine automobiles and collectibles," said Gordon McCall of McCall Events — co-host of the McCall Motorworks Revival gala that kicks off Car Week each August and a co-founder of The Quail, A Motorsports Gathering — who is also a member of the Monterey Motorsport Park development team that includes Borelli Investment Company and Swenson Builders. "The picturesque beauty of a stunning exotic car or an eye-catching classic winding its way through Big Sur can create a true work of art. There are few affordable, upscale opportunities for car enthusiasts to solve the never-ending challenge of where we can enjoy our passion for classic cars and motorcycles away from our home garage — if we're fortunate enough to even have a garage on the space-constrained Monterey Peninsula."

Monterey Motorsport Park — Part of a New Category in Specialty Storage
Mini-storage facilities have long been problematic for storing valuable vehicles — with limited drive-in access, inferior rollup doors, no start-and-run privileges, inadequate power, little or no security, and other shortcomings. Monterey Motorsport Park — like its predecessor, Garage Unlimited of Monterey — is part of a new category of specialty, car-driven commercial developments.

The facility represents the next evolution in luxury garage-condos, with 86 units ranging from slightly less than 700 sq. ft. to nearly 2,600 sq. ft. — with the possibility of combining some units to create even larger spaces. The complex is fully fenced — with abundant lighting, access-controlled entry, video coverage of the entire perimeter and unit entrances, and proactive 24x7 monitoring and guarding. And unlike mini-storage units, these are garage-condos that buyers purchase, rather than lease, with the potential for long-term appreciation and possible tax benefits for businesses.

The modern building design features clean lines and attractive stone wall treatments. Soaring ceilings of up to 25 feet provide plenty of room for a mezzanine in every unit. These spaces — 13 feet above the garage floor — will be accessible via an interior staircase, and owners are planning to customize them into personal offices or leisure retreats for weekend entertaining or relaxing with friends. Connections will be provided for owners who want to arrange for Internet access, a phone or cable television hookup. This is what will elevate the complex above a traditional storage facility — creating a true car community of collectors, motorsports fans and a handful of businesses catering to the needs of these owners.

Oversized rollup doors will make moving cars in and out efficient — and a number of the condos can accommodate larger vehicles such as motorcoaches or boats. Additional walk-in doors will enable easy access for owners and their guests. The garage-condos can also be used to store business materials or personal items such as furnishings from a second home, a child's college apartment furniture or extensive holiday decorations — to free up needed garage space at home.

Businesses Also Welcome
While the majority of buyers at Monterey Motorsport Park will be personal collectors and motorsports enthusiasts, a number of categories of car-oriented — and non-car-oriented — businesses are also approved for those who wish to run a small business within the unique community. The primary qualifications for acceptance are that a business must be "low impact" in terms of the amount of water it consumes, the traffic it creates, and the parking spaces required for employees and/or customers. More info is available in the complex's CC&R rules.

"Monterey Motorsport Park is the solution on so many levels for motorsports aficionados and car collectors," McCall remarked. "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."

Reservations Already at 55%
The overwhelming need for luxury vehicle storage on the Monterey Peninsula has driven high demand at the community before even a shovel of dirt has been turned. Already, 55% of the space at Monterey Motorsport Park has been spoken for — more than a year in advance of the scheduled opening in Q2 of 2019. Interested parties are strongly advised not to wait to inquire about units — before the selection is reduced any further.

For more information or to reserve a luxury garage-condo at Monterey Motorsport Park, prospective owners can contact the facility's brokers as well as Gordon McCall or Ralph Borelli:

• Dennis Chambers, Dennis Chambers Inc., [email protected], (408) 605-6760
• Josh Jones, Cushman & Wakefield, [email protected], (831) 647-2106
• Ralph Borelli, Borelli Investment Company, [email protected], (408) 521-7117
• Gordon McCall, McCall Events, [email protected], (831) 372-9311

For further information or to view renderings, visit the facility's website at montereymotorsportpark.com.

Contact
Ralph N. Borelli, Chairman
Borelli Investment Company
2051 Junction Avenue #100
San Jose, CA 95131
Ph: 408.521.7117
[email protected]

SOURCE Borelli Investment Company

Related Links

http://www.borelli.com