In a market where replacement costs and entitlement timelines continue to rise, opportunities to acquire existing industrial assets with functional infrastructure already in place are becoming increasingly difficult to replicate. 41 Hangar Way offers buyers the ability to step into immediate utility and occupancy without the time, cost, and risk associated with new development. 41 Hangar Way offers a rare chance to own a building in one of South Santa Cruz County’s most established light industrial corridors. The property is partially leased with a stable, low-impact tenant mix occupying 47% of the building, while approximately 5,400 SF remains available—providing both upside potential and SBA loan eligibility with 53% vacancy. The building is well-equipped with ample power and features a commercial-grade kitchen infrastructure including floor drains and a grease trap. Its combination of existing tenancy, strong utilities, and versatile improvements makes this property attractive for both investors and owner-users in a tight industrial market.