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980 17th Ave 38,000 SF 100% Leased Industrial Building Santa Cruz, CA 95062 For Sale

Investment Highlights

  • 4.62 acre site
  • .6 mile from the Ocean

Executive Summary

Redevelopment opportunity in the middle of Santa Cruz County! 4.62 acres over 2 parcels with approximately 38,000 sf of existing buildings in five separate structures. M-1 (Light Industrial) zoning with a General Plan overlay of C-S (Commercial Service). All existing leases run less than 12 months with existing tenants holding a WALT of 12.3 years. Property currently grosses $330k per year and includes several under utilized areas that can increase income.

Property Facts Under Contract

Sale Type Investment or Owner User Rentable Building Area 38,000 SF
Property Type Industrial No. Stories 1
Property Subtype
Warehouse
  • Flex Light Manufacturing
  • Flex Research & Development
 Year Built 1935
Building Class C Parking Ratio 3.95/1,000 SF
Lot Size 4.62 AC No. Drive In / Grade-Level Doors 6
Zoning M-1 - Light Industrial
Sale Type Investment or Owner User
Property Type Industrial
Property Subtype
Warehouse
  • Flex Light Manufacturing
  • Flex Research & Development
Building Class C
Lot Size 4.62 AC
Rentable Building Area 38,000 SF
No. Stories 1
Year Built 1935
Parking Ratio 3.95/1,000 SF
No. Drive In / Grade-Level Doors 6
Zoning M-1 - Light Industrial
1 1
Walk Score®
Very Walkable (74)
Bike Score®
Biker's Paradise (98)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Property Taxes

Parcel Numbers
Multiple
  • 028-013-01-000
  • 028-013-03-000
 Improvements Assessment $852,226
Land Assessment $1,673,816 Total Assessment $2,526,042

Property Taxes

Parcel Numbers
Multiple
  • 028-013-01-000
  • 028-013-03-000
Land Assessment
$1,673,816
Improvements Assessment
$852,226
Total Assessment
$2,526,042
(831) 464-5039

Still interested?

Contact the broker for more information about this property

Contact

  • Erik Barbic
    Erik Barbic

  • Listing ID: 30757522

  • Date on Market: 1/24/2024

  • Last Updated:

  • Address: 980 17th Ave, Santa Cruz, CA 95062

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