CA > Watsonville
Watsonville, CA 95076,771 Freedom BLVD
Watsonville, CA 95076,771 Freedom BLVD
Watsonville, CA 95076,771 Freedom BLVD
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John Herkenrath

John Herkenrath

+1(310) 221-2910
$1,075,000
Est. payment /mo
9,975 Sqft Lot
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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML82021450

HOA Y/N No

Year Built 1937

Annual Tax Amount $12,462

Lot Size 9,975 Sqft

Property Description

Retail Visibility, Stability, Flexibility, and Cash Flow - Over 6.00% Current Cap Rate: This commercial investment offers prime frontage and two established retail suites serving the neighborhood with additional income from rear storage units, benefitting from stable leases and diversified cash flow. With 100% occupancy, long-standing tenants, and stable in-place income, and month-to-month lease terms this asset appeals to local or regional investors seeking immediate cash flow, as well as long-term upside through either lease optimization or residential redevelopment. Garage doors are approximately 10 ft tall and the interior height of the garages are approximately 14 ft. New roof on rear building 2020. Front Building consists of 2,590 SF of retail space divided into two (2) primary retail suites, each with their own bathroom: 771 and 771-A. Utilities include two separate electric meters with shared gas, water, sewer, and garbage. Rear Building includes 1,900 SF of industrial self-storage divided into three (3) units: 771-B, C, and D each with six (6) high-lift garage doors. Unit B incorporates an additional front office and private bathroom. Utilities include one electric and one water meter servicing all three commercial storage Units B, C, and D. Shared sewer and garbage.

Location

State CA

County Santa Cruz

Area 699 - Not Defined

Zoning CT

Interior

Heating Electric, Space Heater

Fireplace No

Exterior

Roof Type Tar/Gravel,Tile

Total Parking Spaces 7

Building

Story 1

Others

Tax ID 01615414000

Virtual Tour https://youtu.be/lT41W3Jfxog

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CRMLS – RECore
Listed by Troy Hinds David Lyng Real Estate
John Herkenrath

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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