Property summary
This exceptional Scotts Valley, CA office complex presents a compelling investment opportunity. Located at 4408-4444 Scotts Valley Drive, this 15,793 square foot, Class B building sits on a 1.14-acre lot at a signalized intersection, offering high visibility and accessibility. Built in 1979 and renovated in 2012, the property features 14 units with 90% occupancy across multiple tenants. The stabilized investment boasts a modified lease type and allows for rent bumps, ensuring a consistent income stream. The two-story building provides 47 parking spaces and benefits from permitted CS zoning. This multi-tenant property offers a diverse range of office spaces suitable for creative, medical, or traditional office uses. The property's prime location on the town's main artery, combined with pylon signage, provides excellent marketing opportunities for tenants. The low tenant turnover history further underscores the property's stability and attractiveness to investors. This is a rare opportunity to acquire a well-maintained, high-visibility office complex in a thriving California community. The property's features, including its location, size, and tenant occupancy, make it an ideal investment for those seeking a stable and profitable venture. The APN numbers are 022-491-04 and 022-491-06. The asking price is $3,500,000.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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