Two-Story Office Building with
2880 Soquel Avenue Unit 1 Santa Cruz, CA 95062
For Sale
$4,850,000
Immaculately maintained office building with flexible floorplates, second-floor elevator, and extensive on-site parking.
Property Size18,000 SF
Price / SF$269.44
Days on Market97
Property Features for 2880 Soquel Avenue Unit 1
General Information
Standard status
Active
Size
18,000 SF
Property subtype
General Commercial
Building Details
Year Built
1982
Listing Agency:
JR Parrish Inc.
(831) 476-2222
Listed By:
Carol Lezin · License #00878937
Source:
Xome
Added: Apr 25
Changed: Jul 10
Last Checked: Jul 16 at 6:49AM
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 JR Parrish Inc.
Investment Insights
Based on property information with market context.
This two-story commercial office building is immaculately maintained and designed for flexible occupancy. The property includes large open, configurable spaces, multiple stairwells, and a second-floor elevator to support efficient access and internal flow. A fully usable basement adds additional operational space, served by a dedicated dumbwaiter for logistics. Supporting infrastructure includes a secure IT room with AC and high-speed AT&T fiber, along with newly installed HVAC systems.
The site offers 98 on-site parking spaces and easy access via Soquel Avenue and Bostwick Lane. The property is described as highly visible and is located adjacent to Highway 1 North and South access points, which can support convenient arrival for employees and visitors. Monument signage is also noted as an added visibility feature.
For an owner-user, the configuration supports single-tenant use with private entrances, dedicated bathrooms, and flexible utility setups. For investors or multi-tenant operators, the layout allows for multi-tenant configurations while maintaining practical building access through elevators and multiple stairwells. A rent roll is available upon request.
The site offers 98 on-site parking spaces and easy access via Soquel Avenue and Bostwick Lane. The property is described as highly visible and is located adjacent to Highway 1 North and South access points, which can support convenient arrival for employees and visitors. Monument signage is also noted as an added visibility feature.
For an owner-user, the configuration supports single-tenant use with private entrances, dedicated bathrooms, and flexible utility setups. For investors or multi-tenant operators, the layout allows for multi-tenant configurations while maintaining practical building access through elevators and multiple stairwells. A rent roll is available upon request.
Key Highlights
- Two‑story commercial building built in 1982 with flexible, configurable open floor spaces
- 98 on‑site parking spaces with access via Soquel Avenue and Bostwick Lane
- Second‑floor elevator plus multiple stairwells for efficient circulation and access
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $756.0k | $42.00 |
| − Vacancy | −$166.3k | −$9.24 |
| EGI | $589.7k | $32.76 |
| − OpEx | −$147.4k | −$8.19 |
| NOI | $442.3k | $24.57 |
18,000 SF · lease $42.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$6.32M
$5.53M – $7.37M
NOI $442,260 @ 7.0% cap · market cap 9.12%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$10.29M
$9.01M – $12.01M
NOI $720,468 @ 7.0% cap · market cap 14.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Immaculately maintained office building with flexible floorplates, second-floor elevator, and extensive on-site parking.
Where is this office building located?
The property is located at 2880 Soquel Avenue Unit 1 Santa Cruz, CA.
What is the asking price?
The asking price for this property is $4,850,000.
What are key features of this property?
This property features: Two‑story commercial building built in 1982 with flexible, configurable open floor spaces; 98 on‑site parking spaces with access via Soquel Avenue and Bostwick Lane; Second‑floor elevator plus multiple stairwells for efficient circulation and access
