4768 Soquel Drive, Soquel, CA 95073
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Listed Price :
$1,395,000
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Beds :
N/A
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Baths :
-
Property Size :
N/A sqft
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Year Built :
1958
Property Description
Mid county investment opportunity on two premium lots in Soquel Village. This facility has 9 parking spaces on-site, with 2 handicapped spots, an ADA access ramp, rear loading dock, dual pane windows, 3-phase power, brick exterior, and received $50,000+/- in major plumbing updates in March 2022. Long term stable tenant. Although the cap rate may seem misaligned with current trends due to recent interest rate hikes, the property's long-term value is exceptional. Its sought-after location attracts business buyers and developers who prize its premium zoning. A nearly identical building next door at 4746 Soquel Dr sold for a similar price per square foot two years ago. Now a central office for a real estate company, it was chosen for its proximity to popular shops, restaurants, the county park, and the River Walk. This area's appeal is set to grow, with adjacent properties like 4768 Soquel expected to capitalize on open parking and park views. Current tenant has two 5-year lease extensions available and the current owners of 4768 Soquel enjoy a low tax base and solid income, making them unlikely to sell unless their asking price is met. It is because of these reasons that this investment is positioned as a premium opportunity relative to its current Capitalization Rate
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
| Interior Information |
| Cooling Type |
None |
Listing Information
| Address |
4768 Soquel Drive |
| City |
Soquel |
| State |
CA |
| Zip |
95073 |
| County |
Santa Cruz |
| Listing Agent |
Datta Khalsa DRE #01161050 |
| Courtesy Of |
Main Street Realtors |
| List Price |
$1,395,000 |
| Status |
Active |
| Type |
Commercial |
| Structure Size |
N/A |
| Lot Size |
13,939 |
| Year Built |
1958 |
Listing information courtesy of: Datta Khalsa, Main Street Realtors. *Based on information from the Association of REALTORS/Multiple Listing as of Aug 13th, 2024 at 7:32 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
