• Broker Erik Barbic 8314645039

980 17th Ave 38,000 SF 63% Leased Industrial Building Santa Cruz, CA 95062 For Sale

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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
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
Walk Score®
Very Walkable (76)
Bike Score®
Biker's Paradise (98)

PROPERTY TAXES

Parcel Numbers 028-013-01-000, 028-013-03-000 Improvements Assessment $819,134
Land Assessment $1,608,818 Total Assessment $2,427,952

PROPERTY TAXES

Parcel Numbers
Multiple
  • 028-013-01-000
  • 028-013-03-000
Land Assessment
$1,608,818
Improvements Assessment
$819,134
Total Assessment
$2,427,952

ZONING

Zoning Code M-1 (Light Industrial)
M-1 (Light Industrial)

MAP

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