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325-345 Westridge Dr 36,635 SF Flex Building Watsonville, CA 95076 $9,435,600 ($257.56/SF) 7.50% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Conviently located with wasy highway access

EXECUTIVE SUMMARY

Three forty ve Westridge Drive is a high quality, single story, professional oce building measuring approximately 36,635 square feet. The property is ideally located in Westridge Business Park–Santa Cruz County’s premiere business park. The business park is home to some of the area’s more notable companies including Driscoll’s Inc., DHL, Sierra Thermal Systems, Inc., California Strawberry Commission, California Giant, Gold’s Gym, and the County of Santa Cruz. Access to Highway 1, 129 and 152 are near immediate.
Many of Watsonvilles’s best amenities, goods and services are also nearby. The building itself has a significant glass line on all sides and is very attractive with subtle tan colored exposed aggregate finish. Rich, mature landscaping surrounds the building helping to create a serene and pleasant working environment.
This offering allows a discerning buyer an increasingly rare opportunity to invest in one of Santa Cruz County’s most sought after office markets.This is a prime investment opportunity with great upside potential.

PROPERTY FACTS

Price $9,435,600
Price Per SF $257.56
Sale Type Investment
Cap Rate 7.50%
Property Type Flex
Property Subtype
Light Manufacturing
  • Industrial Distribution
  • Office Telecom Hotel Data Hosting
Building Class B
Lot Size 1.98 AC
Rentable Building Area 36,635 SF
No. Stories 1
Year Built 1991
Tenancy Single
Parking Ratio 2.24/1,000 SF
No. Dock-High Doors/Loading 1
No. Drive In / Grade-Level Doors 1
Zoning IP - Industrial Park - Office, Research and Development, Light manufacturing, Office, Distribution
Parcel Number 018-431-04-000

UTILITIES

  • Lighting - Fluorescent
  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas
  • Listing ID: 33157808

  • Date on Market: 9/12/2024

  • Last Updated:

  • Address: 325-345 Westridge Dr, Watsonville, CA 95076

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