4200 Scotts Valley Dr
Scotts Valley, CA 95066
4200 Scotts Valley Drive Office Building · Office Property For Sale
Investment Highlights
- Price reduced to $850,000 - estimated 6% Cap Rate
- 20 off street parking spaces - Excellent off street parking.
- Excellent Visibility on Corner of Quien Sabe & Scotts Valley Drive
- Newly Painted, new parking lot slurry seal and striping, Repaired sewer lateral/root issue, Upgraded irrigation controls
Property Facts
Amenities
- Signage
About 4200 SCOTTS VALLEY DR , SCOTTS VALLEY, CA 95066
4200 Scotts Valley Drive is a two-story Class C office building with 8 suites, totaling 4,644± square feet. Property is 85% leased, with only suite F vacant at 495± square feet. There are four interior bathrooms, each shared by neighboring tenants for Suites A & B, C & D and suites E & F. Rendezvous Salon occupies Suites G & H as a single tenant. Tenants also split separately metered PGE costs, except for Suites A & B, which are paid by owner because the common area lights are on this meter. No elevator or fire sprinklers. ADA ramp and parking designated, as pre-existing non-conforming. The property has had several recent improvements including new paint, new slurry seal and striping in the parking lot, exterior cinder block walls and pathways steam power washed, irrigation system upgraded and the sewer lateral root intrusion issue has been repaired. Stable tenants with 2+ years on current terms plus options to renew. Rents are Gross basis and are slightly below FMV, at an average of $1.37 per square foot Gross. Rent roll available for qualified buy
Property Taxes
| Parcel Number | 022-861-01-000 | Improvements Assessment | $351,790 |
| Land Assessment | $568,277 | Total Assessment | $920,067 |
Property Taxes
