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325-345 Westridge Dr

36,635 SF Light Industrial Building Watsonville, CA 95076 £7,887,855 (£215/SF) 7% Net Initial Yield

Investment Highlights

  • Conviently located with wasy highway access

Executive Summary

Three forty ve Westridge Drive is a high quality, single story, professional oce building measuring approximately 36,635 square feet. The property is ideally located in Westridge Business Park–Santa Cruz County’s premiere business park. The business park is home to some of the area’s more notable companies including Driscoll’s Inc., DHL, Sierra Thermal Systems, Inc., California Strawberry Commission, California Giant, Gold’s Gym, and the County of Santa Cruz. Access to Highway 1, 129 and 152 are near immediate.
Many of Watsonvilles’s best amenities, goods and services are also nearby. The building itself has a significant glass line on all sides and is very attractive with subtle tan colored exposed aggregate finish. Rich, mature landscaping surrounds the building helping to create a serene and pleasant working environment.
This offering allows a discerning buyer an increasingly rare opportunity to invest in one of Santa Cruz County’s most sought after office markets.This is a prime investment opportunity with great upside potential.

Property Facts

Price £7,887,855
Price Per SF £215
Sale Type Investment
Net Initial Yield 7%
Property Type Light Industrial
Property Subtype
Light Manufacturing
  • Industrial Distribution
  • Office Data Centre
Building Class B
Lot Size 1.98 AC
Rentable Building Area 36,635 SF
Number of Floors 1
Year Built 1991
Tenancy Single
Parking Ratio 2.24/1,000 SF
No. Dock-High Doors/Loading 1
Level Access Doors 1

Utilities

  • Lighting - Fluorescent
  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 018-431-04-000
  • 018-431-02-000
Land Assessment
£527,231
Improvements Assessment
£516,012
Total Assessment
£1,043,244

zoning

Zoning Code IP (Industrial Park - Office, Research and Development, Light manufacturing, Office, Distribution)
IP (Industrial Park - Office, Research and Development, Light manufacturing, Office, Distribution)
  • Listing ID: 33157808

  • Date on Market: 12/09/2024

  • Last Updated:

  • Address: 325-345 Westridge Dr, Watsonville, CA 95076

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