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Urban-High Street

923-931 Pacific Avenue

923 Pacific Ave, Santa Cruz, CA 95060

Listing Price: $4,800,000

Cap Rate
5.56%
Gross SF
10,300
Rentable SF
10,300
Price/Gross SF
$466.02
Lot Size
0.12 acres
Year Built
1932

Investment Overview

Core Downtown Santa Cruz locations directly across from three, 7-story residential towers. At the center of a rapidly transforming Downtown with 1,600+ residential units projected to be built in the next 5 years.

Redevelopment potential. Current building is 2 stories. Zoning allows for a 55 feet height limit. The city is considering increasing the height limit to 12 stories.

Investment Highlights

  • Core Downtown Santa Cruz. Opportunity Zone Location
  • Directly across from three, 7-story residential high rises (369+ units) currently under construction.
  • Both tenants signed new 5-year NNN leases in 2023

Exclusively Listed By

Urban-High Street

923-931 Pacific Avenue

Listing Price: $4,800,000

Cap Rate
5.56%
Gross SF
10,300
Rentable SF
10,300
Price/Gross SF
$466.02
Lot Size
0.12 acres
Year Built
1932

Investment Highlights

  • Core Downtown Santa Cruz. Opportunity Zone Location
  • Directly across from three, 7-story residential high rises (369+ units) currently under construction.
  • Both tenants signed new 5-year NNN leases in 2023

Investment Overview

Core Downtown Santa Cruz locations directly across from three, 7-story residential towers. At the center of a rapidly transforming Downtown with 1,600+ residential units projected to be built in the next 5 years. Redevelopment potential. Current building is 2 stories. Zoning allows for a 55 feet height limit. The city is considering increasing the height limit to 12 stories.

Exclusively Listed By

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