325 Soquel Ave - Specialty FOR SALE


Santa Cruz, CA 95062- Seabright
$2,750,000 USD
831-818-0468
325 Soquel Ave, Santa Cruz, CA for Sale
$2,750,000 USD
Specialty - FOR SALE
1/4
null | 6.2% Cap Rate

325 Soquel Ave
Santa Cruz, CA 95062
Seabright


HIGHLIGHTS

  • Long-term lease in place through April 30, 2035 with renewal options.
  • Tenant reimburses taxes, insurance, utilities, maintenance, and management costs.
  • Headquarters facility for Community Television of Santa Cruz County.
  • Significant recent HVAC, roof, accessibility, and infrastructure improvements.
  • Adjacent to Downtown Santa Cruz and the County Government Center.
  • Large urban infill site with future flexibility in a constrained coastal market.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$304 USD /SF

CAP RATE

6.2%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

ADD'L SUBTYPES

Radio/TV/Transmission Facility

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,442 SF

ZONING

N/A

APN/PARCEL ID

005-282-45-000

ASK ABOUT THIS PROPERTY

Trevor ThorpeCushman & WakefieldMore Info
831-818-0468

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Trevor ThorpeCushman & WakefieldMore Info
831-818-0468

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