325 Westridge Dr Watsonville, CA 95076
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Prime Office Building, 36,635 SF, High NOI
Property size:
36,635 SFProperty Features for 325 Westridge Dr
General Information
- Property type
- Office Properties & Spaces
- Square Feet
- 36,635 SF
- Class
- A
Building Details
- Buildings
- 1
- Stories
- 1
- Units
- 1
Listing Agent: Erik Barbic
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a fully improved, single-story, Class A office building totaling 36,635 square feet. Located in Watsonville, CA's prestigious Westridge Business Park, this property boasts a prime location with easy access to Highways 1, 129, and 152. The building, constructed with an attractive tan-colored exposed aggregate finish and significant glass lines, is situated within a beautifully landscaped setting. Currently 100% leased to Driscoll's Inc. as their corporate headquarters since 1994, the lease has 5.5 years remaining (expiring 05/30/2030) with annual 3% rent bumps. The property offers a strong Net Operating Income (NOI) of $695,977, resulting in a compelling 6.90% capitalization rate. The asking price is $10,130,000, translating to $276 per square foot. This is a rare chance to acquire a highly sought-after asset in a thriving Santa Cruz County office market, presenting significant upside potential. The property features a triple net (NNN) lease structure. The building is one story and comprises one unit. Nearby businesses include DHL, Sierra Thermal Systems, Inc., California Strawberry Commission, California Giant, Gold's Gym, and the County of Santa Cruz. This is a truly remarkable investment opportunity.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- Watsonville
- County
- Santa Cruz
- State
- California
- Longitude
- -121.782867
- Latitude
- 36.9121272
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FAQs
What type of property is this?
Office Property / Space - Prime Office Building, 36,635 SF, High NOI
Where is this office property / space located?
The property is located at 325 Westridge Dr Watsonville, CA.
What is the asking price?
The asking price for this property is $10,130,000.
What are key features of this property?
This property features: ± 36,635 SF single-story Class A office building.; Fully improved, high-quality office building in Watsonville, CA.; Prime location in Westridge Business Park with easy highway access.
