Ryan P Wagner - Commercial Real Estate Showcase

Ryan P Wagner Property Listings
Vice President
Colliers International
101 Second St
Suite 1100
San Francisco, CA 94105
(415) 788-3100
(415) 433-7844


DetailMap
1804 - 1812 Ocean Street

Santa Cruz, CA 95060-1721 - Central Santa Cruz MF Submarket


Property Type:Multi-Family Number of Units:11 Status:Under Construction Year Built:2017
Stories:2 Building Size:16,843 SF Land Area:.2 AC (8,668 SF)
For Sale Price:$7,950,000 Price/Unit:$722,727.27 Cap Rate:4.50 % GRM:-

Parking:-



Sale Notes:
Colliers International and Ow Commercial, as the exclusive advisors, are pleased to present the opportunity to acquire 1804 Ocean Street, an 11-unit apartment community in Santa Cruz, CA. The property is ideally located less than an hour from the core of Silicon Valley and in one of the most desirable ocean communities in the world.

1804 Ocean Street offers investors a rare opportunity to acquire a brand new development within the highly desirable Santa Cruz market. This modern, luxury townhome development project is a truly turnkey pride-of-ownership asset. Santa Cruz Is a high-demand rental market offering current and long-term appeal to residents seeking a beach-town lifestyle and proximity to some of the best jobs in the country.

1804 Ocean Street is being offered for $8,600,000, representing a current cap rate of 4.5% on projected rents. At $472 per SF, 1804 Ocean St is competitively priced with other like-kind assets that have recently transacted and are on the market currently.

PROPERTY HIGHLIGHTS
- 11-unit apartment townhome property
- Extremely large, spacious floorplans with valuted top floor cielings
- (5) 3-br-3ba Townhomes (or 2br-3ba with office/den) 1,421 SF each
- (6) 2br-2.5ba Townhomes, 1,623 SF each
- Ideally located with easy access to Highway 1 , and less than an hour from Silicon Valley
- In-unit washer and dryer hookups
- Property pre-plumbed for roof solar panels
- Modern, contemporary interior finishes
- Large patios/balconies off each unit
ESTIMATED DATE OF COMPLETION: LATE OCTOBER 2017


Colliers International
Ryan P Wagner
(415) 788-3100




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