110 Cooper St - Office FOR SALE


Santa Cruz, CA 95060- Downtown Santa Cruz
$22,000,000 USD
415-445-8888
110 Cooper St, Santa Cruz, CA for Sale
$22,000,000 USD
Office - FOR SALE
1/13
null | Request Cap Rate

110 Cooper St
Santa Cruz, CA 95060
Downtown Santa Cruz


HIGHLIGHTS

  • Trophy Jewel Box Office Acquisition Opportunity.
  • Strong Cash Flow With Nearly 70% Investment Grade Tenancy.

OVERVIEW

Newmark, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee-simple interest in Cooper House (the "Building" or "Property"), a 96,579 sq. ft., trophy jewel box office building located in the heart of Downtown Santa Cruz. The 87% leased boutique Property is anchored by a strong roster of investment grade tenants, including Amazon, Verizon Wireless, and Kaiser Permanente, which collectively occupy 68% of the net rentable area. Nearly 25% of the Property is heavily improved medical office for Kaiser Permanente, further strengthening its long-term cash flow durability. Additionally, the Property features 19,606 sq. ft. of ground floor retail (20%), and recently modernized creative office suites, appealing to today’s active tenant base. Over $2.1MM ($22 PSF) of capital has been invested by current ownership, including HVAC upgrades, water proofing, and lobby upgrades.

FOR SALE DETAILS

PRICE

$22,000,000 USD

PRICE/SF

$228 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

A

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

00-5081-56,005-081-55

ASK ABOUT THIS PROPERTY

Joseph MomichNewmarkMore Info
415-445-8888

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Joseph MomichNewmarkMore Info
415-445-8888

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.