Sold: $2,000,000

Investment Overview

The subject property provides a rare opportunity to acquire a value-add neighborhood oriented shopping center with significant upside in rent potential. The property is in a prime location near the University of California, Santa Cruz, and captures a substantial share of related demand for tenants operating as a convenience store, laundromat, and banking ATM. The property benefits from the fact that the closest competing convenience stores and laundromats are on Mission Street or downtown Santa Cruz, too far for most college students as automobile transportation tends to be limited for this demographic. The corporate 7-11 store has operated at this location since the 1960’s, demonstrating the tenant’s commitment to the site. Demographics in the immediate vicinity are extremely favorable to the current and future tenant base.

Showing Schedule

*By Appointment Only