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Prime Pacific Avenue Retail/Office Building

1325 Pacific Ave, Santa Cruz, CA 95060

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For Sale

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Rare opportunity to own a building on Pacific Avenue.

Type:Retail

Property size:

5,044 SF

Price / SF:

$554/SF

HighLights

Prime Pacific Avenue location in downtown Santa Cruz.
Rare opportunity: Buildings in this area seldom come to market.
Ideal for owner‑occupant (retail) or investor.
Strong tenant demand driven by 1300+ new housing units and UCSC student population.
Proximity to major employers like Amazon, Google (Looker), and Kaiser Permanente.
Located near national retailers such as URBN, Trader Joe's, and Verizon.

We can help!

Contact an agent

Reuben Helick

Learn more

For Sale

Contact for pricing

Rare opportunity to own a building on Pacific Avenue.

Type:Retail

Property size:

5,044 SF

Price / SF:

$554/SF

Added:: Nov 13, 2024
Days on Market:: 601
Last Refresh:: Jul 5 at 10:41 am

Property Features for 1325 Pacific Ave

General Information

Standard status: Active
Size: 5,044 SF
Property subtype: Retail

Building Details

Year Built: 1930

We can help!

Contact an agent

Reuben Helick

Listing office Cushman & Wakefield Monterey

Listing date Nov 13, 2024

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield Monterey

HighLights

Prime Pacific Avenue location in downtown Santa Cruz.
Rare opportunity: Buildings in this area seldom come to market.
Ideal for owner‑occupant (retail) or investor.
Strong tenant demand driven by 1300+ new housing units and UCSC student population.
Proximity to major employers like Amazon, Google (Looker), and Kaiser Permanente.
Located near national retailers such as URBN, Trader Joe's, and Verizon.

Overview

This property, available for the first time in 100 years, is situated in a prime location on Pacific Avenue. It features a retail section facing Pacific Avenue and office/storage space facing Commerce Lane, with an enclosed courtyard in the middle. A public parking garage is located behind the property. This property is suitable for an owner-occupant specializing in retail or an investor. The property's location in downtown Santa Cruz benefits from over 1300 new housing units being built and leased, a destination tourist attraction, and the nearby UCSC student population. Amazon rents 40,000 SF of office space at the Cooper House, and Looker, owned by Google, is located in the Rittenhouse Building. Kaiser Permanente occupies over 20,000 SF in the Cooper House. Several national retailers are in proximity, including URBN, Trader Joes, Verizon, and the Gap. The property has a size of 5044 square feet.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$302.6k	$60.00
− Vacancy	−$14.2k	−$2.82
EGI	$288.4k	$57.18
− OpEx	−$86.5k	−$17.15
NOI	$201.9k	$40.03

5,044 SF · lease $60.00/SF/yr · vacancy 4.70% · expense 30.00%

Alternative Uses

Best Use

Retail

$2.88M

$2.52M – $3.36M (±1% cap)

NOI $201,891 @ 7.0% cap · market cap 7.22%

Second Best

Office B

$1.77M

$1.55M – $2.07M (±1% cap)

NOI $123,931 @ 7.0% cap · market cap 4.43%

Theoretical Best

—

same as Best Use

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Nectar Creations (Pacific ... (Bike/Boat/Book/etc) Store Crimson Phoenix Couture (Bike/Boat/Book/etc) Store

Suggested Use

Location Insight

Map
Local Demand

City: Santa Cruz
County: Santa Cruz
State: California
Longitude: -122.0264796
Latitude: 36.9738445

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For sale
Retail space
CA
Santa Cruz
95060
1325 Pacific Ave

What type of property is this?

Retail space - Rare opportunity to own a building on Pacific Avenue.

Where is this retail space located?

The property is located at 1325 Pacific Ave Santa Cruz, CA.

What is the asking price?

The asking price for this property is $2,795,000.

What are key features of this property?

This property features: Prime Pacific Avenue location in downtown Santa Cruz.; Rare opportunity: Buildings in this area seldom come to market.; Ideal for owner‑occupant (retail) or investor.