Erik Barbic 8314645039

18 Hangar Way 8,596 SF 100% Leased Industrial Building Watsonville, CA 95076 $2,400,000 ($279.20/SF)

EXECUTIVE SUMMARY

10,500 sf building located on Hangar Way in Watsonville on a parcel just over 20,000 sf. The building was significantly upgraded in 2019. Clear span building without any posts on the warehouse floor has 20 ft interior clear height and 3 large roll up doors. Spray foam insulation on the interior helps maintain a pleasant working environment. High-end office buildout with designer finishes and 3 kitchens spread throughout the building. Easy to subdivide to allow for multiple tenancies. Security fence with an access gate at the entry of the property.
While currently combined, Suite A is a 50x50 warehouse with an additional 2,400 sf of executive offices (2 kitchens). Suite B is 5,000 sf of warehouse with 1,000 sf of office space (plus kitchen). Great opportunity for an owner/user to generate income until ready to expand.
Existing racking and furnishings negotiable.

PROPERTY FACTS

Price	$2,400,000	Lot Size	0.46 AC
Price Per SF	$279.20	Rentable Building Area	8,596 SF
Sale Type	Investment or Owner User	No. Stories	2
Sale Condition	1031 Exchange	Year Built	1980
Property Type	Industrial	Parking Ratio	2.09/1,000 SF
Property Subtype	Service	Clear Ceiling Height	20’
Building Class	C	No. Drive In / Grade-Level Doors	3
Zoning	Light Industrial

Price	$2,400,000
Price Per SF	$279.20
Sale Type	Investment or Owner User
Sale Condition	1031 Exchange
Property Type	Industrial
Property Subtype	Service
Building Class	C
Lot Size	0.46 AC
Rentable Building Area	8,596 SF
No. Stories	2
Year Built	1980
Parking Ratio	2.09/1,000 SF
Clear Ceiling Height	20’
No. Drive In / Grade-Level Doors	3
Zoning	Light Industrial