Property profile

2020 Pacific Ave Santa Cruz, CA 95060

OFF-MARKET
Banks
Property ID
US09-2267174
5,225 SF 0.48 ac lot Built 1981
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 8,732-square-foot office building in downtown Santa Cruz offers a unique blend of elegance and functionality. Located on a corner lot at 2020 N Pacific Ave (near Knight Street), this single-tenant property boasts a striking architectural design, highlighted by a gated parking area for 20 vehicles. Built in 1981, the one-story Class B building features a soaring interior with high-end custom lighting and architectural details. The flexible floor plan includes a grand entry and lobby, perimeter glass offices, conference facilities, carpeted workstation areas, and additional private offices. A high-security vault room adds an extra layer of security. The property benefits from dual street frontage and excellent visibility. Its central location provides easy access to the vibrant shops, restaurants, and theaters of downtown Santa Cruz. Zoned CBD, this property sits on a 0.48-acre lot (APN 006-364-01-000). The building is suitable for various office uses, including executive, creative, traditional, and coworking spaces. A lease term of up to three years is available at a highly competitive net-net-net (NNN) rate of $1.50 per square foot.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1981
Construction WOOD
Total area 5,225 SF
Lot 0.48 ac (20,735 SF)
APN 006-364-01
UPID US09-2267174

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bank Loan Service

Location

2020 Pacific Ave Santa Cruz, CA 95060-2704
Santa Cruz metro Census 100700 SANTA CRUZ-WATSONVILLE, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.66M

Owner & transaction history

since 2023
Last sale
$4.4M
3 recorded transactions
2026
Price N/A
2023
$4.4M
2014
$1.5M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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