74-82 Porter Dr - Warehouse FOR SALE


Watsonville, CA 95076
$3,995,000 USD
831-247-3007
74-82 Porter Dr, Watsonville, CA for Sale
$3,995,000 USD
Warehouse - FOR SALE
1/25
null | 3.32% Cap Rate

74-82 Porter Dr
Watsonville, CA 95076


HIGHLIGHTS

  • 100% occupancy
  • Solid tenants and rental income history
  • Auto repair usage
  • Mixed use development opportunity

OVERVIEW

Large Commercial Property known as 70 Porter Dr & 80A Porter Dr. APN # 117-332-015, APN 117-332-014. There are currently 10 rental income units & 12 tenants, 5 residential tenants. Residential tenants on 2nd floor above Stereo Electronics store. One Studio unit and 2 individual bedroom rentals. The square footage stated are either from the tax assessor records or property manager and are not guaranteed exact. All the commercial tenants have been long term and are on month to month agreements. New 30 year roof in June 2022 with 10 year warranty. All new electrical in 2015, plumbing new in residential units in 2020. There are 3 water meters (1 not being used). 7 electrical meters on the property. The property received very little to no damage from the levy incident in March 2023. Research shows good upside in rent potential, based on current market rental rates. Rent Roll & 2024 P&L available with signed NDA

FOR SALE DETAILS

PRICE

$3,995,000 USD

PRICE/SF

$403 USD /SF

CAP RATE

3.32%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Restaurant, Storefront, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1945

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

20 Ft

DOCKS

-

DRIVE INS

3

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.4

LAND SF

17,498

ZONING

C

APN/PARCEL ID

117-332-015-000

ASK ABOUT THIS PROPERTY

Paul ZechColdwell Banker Commercial RealtyMore Info
831-247-3007

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Paul ZechColdwell Banker Commercial RealtyMore Info
831-247-3007

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