125 Walnut Ave

17,319 SF 100% Leased Retail Building Santa Cruz, CA 95060 $4,975,000 ($287/SF) 5.12% Cap Rate

INVESTMENT HIGHLIGHTS

  • Rare Owner-User/ Investment/ Development Opportunity
  • Eclectic mix of retail, office, and food and beverage tenants
  • Mixed-Use Redevelopment Possibility
  • Premier downtown Santa Cruz location, right off Pacific Ave and surrounded by all major city parking lots and garages
  • Near 100% occupancy with flexible leases in place

EXECUTIVE SUMMARY

Cushman and Wakefield, as the exclusive advisor, is proud to present the opportunity to acquire the 100% fee simple interest in 125 Walnut Ave. & 130 Pearl Alley (“the Property”.) The two-story 17,319 SF building is located on historic Walnut Ave.- right in the heart of rapidly growing Downtown Santa Cruz, CA.
Downtown Santa Cruz continues to grow as over several large-scale market-rate multifamily and hotel developments have broken ground or are set to break ground within the next two years. Only a few properties trade in Downtown Santa Cruz each year, so each offering is a rare opportunity. The Eulensen Building is no exception, and is a rare chance to become a building owner in Downtown Santa Cruz.

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PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
17,319 SF
Building Class
C
Year Built
1939
Price
$4,975,000
Price Per SF
$287
Cap Rate
5.12%
NOI
$254,720
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.24
Lot Size
0.32 AC
Zoning
CBD - City of Santa Cruz Central Business District (CBD) allows for many different uses. Importantly, there are no minimum parking space requirements.
Frontage
130 FT on Walnut Ave

AMENITIES

  • Signage
Walk Score®
Walker's Paradise (99)
Bike Score®
Biker's Paradise (99)

NEARBY MAJOR RETAILERS

Five Guys
New Leaf Community Markets
Trader Joe's
Comerica
Bank of Montreal
Curves
Starbucks
Chase Bank
Wells Fargo Home Mortgage
Bank of America

PROPERTY TAXES

  • Listing ID: 26595904

  • Date on Market: 9/9/2022

  • Last Updated:

  • Address: 125 Walnut Ave, Santa Cruz, CA 95060