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    Property profile & analytics
    OFF-MARKET Estimated value $4,660,000
    Banks

    2020 Pacific Ave, Santa Cruz, CA 95060-2704

    5,225 SF 0.48 ac lot Built 1981
    Entity Owned 2-yr Hold Absentee Owner Free & Clear
    Property ID
    US09-2267174
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Santa Cruz County Bank Bank Loan Service
    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
    Clocktower Center LLC · 2 yrs held
    Clocktower Center LLC
    since 2023
    Last sale
    $4.4M
    3 recorded transactions
    2026
    2023
    $4.4M
    2014
    $1.5M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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