Erik Barbic 8314645039

980 17th Ave 38,000 SF 63% 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

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