For Sale
$3,500,000

4444 Scotts Valley DrScotts Valley, CA 95066

15,793 SF Office Building, 13 Tenants

Overview

Added:
Dec 11, 2024
Days on market:
115
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.

Highlights

  • Stabilized investment-grade property.
  • Long-term lease agreements in place.
  • High-visibility corner lot with excellent signage opportunities.
  • Ample off-street parking available.
  • Prime location on a major thoroughfare.
  • Business-friendly community.

Property Details for 4444 Scotts Valley Dr

Property type
Office properties, Medical offices
Square Feet
15,793 SF
Class
B
Year Built/Renovated
1979/2012
Buildings
1
Stories
2
Lot Size (sq. ft)
49,658 SF
Units
14

Location Insight

City
Scotts Valley
County
Santa Cruz
State
California
Latitude
37.0466032
Longitude
-122.0179926
4444 Scotts Valley Dr, Scotts Valley, California

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4444 Scotts Valley Dr
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