325 Soquel Ave 9,046 SF Specialty Building Offered at $2,750,000 at a 6.20% Cap Rate in Santa Cruz, CA 95062

325 Soquel Avenue presents the opportunity to acquire a fully leased office investment property occupied by Community Television of Santa Cruz County (CTV), a long-established nonprofit organization that utilizes the property as its headquarters for community broadcasting, media production, digital education, coworking operations, event programming, and government-access television functions. The tenant recently committed to a lease extending through April 30, 2035, with two additional five-year renewal options, providing long-term contractual income supported by annual rent increases.
The property benefits from a highly specialized occupancy profile driven by substantial tenant integration within the facility. Existing improvements include production studios, control room infrastructure, coworking facilities, conference areas, event spaces, and technology systems that support daily operations. Relocating these functions would require replacement studio infrastructure, technology investments, and operational disruption, contributing to long-term occupancy commitment.
Ownership has completed significant capital improvements, including replacement of all eight HVAC units, roof improvements, accessibility upgrades, interior office enhancements, and infrastructure upgrades supporting broadcasting functions. The lease structure provides extensive operating expense reimbursements, including property taxes, insurance, utilities, maintenance expenses, management fees, reserves, and certain capital expenditures subject to amortization provisions.
Positioned immediately adjacent to Downtown Santa Cruz and within walking distance of the Santa Cruz County Government Center, Superior Court, City Hall, transit connections, retail amenities, restaurants, and employment centers, the property benefits from a highly accessible urban location. The large site footprint provides additional long-term flexibility in a market characterized by limited land availability and ongoing residential and mixed-use development activity. The combination of contractual rent growth, extensive expense recoveries, a long-term lease, and a well-located infill site creates a compelling investment opportunity within the Santa Cruz market.