1661 Soquel Dr - Medical FOR SALE


Santa Cruz, CA 95065
$3,995,000 USD
831-247-2647
1661 Soquel Dr, Santa Cruz, CA for Sale
$3,995,000 USD
Medical - FOR SALE
1/11
null | 5.3% Cap Rate

1661 Soquel Dr
Santa Cruz, CA 95065


HIGHLIGHTS

  • Five-Year Net Lease to Dignity Health (CommonSpirit Health)
  • Adjacent to Dominican Hospital
  • Substantial Medical Improvements

OVERVIEW

General: 1661 Soquel Drive Bldg. G is a 5,729 sq. ft. medical building leased to CommonSpirit Health on a 5-year net lease, commencing in October of 2024. CommonSpirit also purchased the medical practices at the same time. The building serves a radiology office and a breast center. Both sides have extensive medical improvements. The Tenant: CommonSpirit Health owns and operates over 2,300 health care facilities, including 137 hospitals in 24 states. With its national office in Chicago, CommonSpirit Health has a team of over 150,000 employees and over 25,000 Physicians and advanced practice clinicians. Dignity Health-Dominican Hospital: The subject property sits adjacent to Dignity Health-Dominican Hospital, which is also owned and operated by CommonSpirit Health. Dominican Hospital offers many services including emergency services, birth center, cancer care, and cardiac care. It offers 222 beds and employs 1,556 employees and 530 physicians. Dominican Hospital served 96,360 Patients last year. Location: The subject fronts Soquel Drive (23,000 vehicles per day) near the Highway 1 (100,000 vehicles per day). Highway 1 and Soquel Drive are the two dominant thoroughfares in Sant Cruz County.

FOR SALE DETAILS

PRICE

$3,995,000 USD

PRICE/SF

$251 USD /SF

CAP RATE

5.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1661 Soquel Dr. Bldg G

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,327 SF

ZONING

PA

APN/PARCEL ID

025-081-24-000

ASK ABOUT THIS PROPERTY

Chris ShoemakerShoemaker Commercial Real EstateMore Info
831-247-2647

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Chris ShoemakerShoemaker Commercial Real EstateMore Info
831-247-2647

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