150 Felker St
Santa Cruz, CA 95060
Office Property For Sale

This 5600 SF office complex zoned for medium-density residential is located along the entry point to the pedestrian bridge over the San Lorenzo River Levee, along a pathway of high transient activity and foot traffic that runs primarily between the County Health Offices and the Rebele Family Shelter Homeless Services Center. The property is currently somewhat blighted with below-market rents averaging under $1 per SF, but it is believed that the property should pose a value-add proposition for the proactive buyer. It has been suggested that high fencing with gated entry could transform the building with its central campus comprising 1/3 acre of paved and landscaped areas into a more private space with ample onsite parking. Alternatively, the building could lend itself to acquisition by a government or non-profit agency as a base from which to provide and administer social service and/or community-based programs. Current tenancies are all month-to-month at below-market rents: Unit A $500 Unit B $615 Unit C $700 Unit D $490 Unit E $570 Unit F $490 Unit G $530 Unit H $1300 Total: $5,195