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20418702
20418703

325 Westridge Dr, Watsonville, CA 95076

EB
CA 01736370, CO II100055630
SBA Commercial
Listed by SBA Commercial
$9,435,600
690 days on market
Updated 109 days ago

Driscoll's Inc Corporate HQ

Details
Property Type Office
Sub Type Executive Office
Square Footage 36,635
Units 1
Cap Rate 7.50%
NOI $707,673
Occupancy 100%
Tenancy Single
Brand/Tenant Driscoll's Inc
Lease Type NNN
Lease Expiration 05/30/2030
Remaining Term 4
Rent Bumps Yes
Price per SqFt $276
Class A
Buildings 1
Stories 1

Office 7.5% CAP | 36,635 SF

Marketing description

Three forty five Westridge Drive is a high quality, single story, professional office building measuring approximately 36,635 square feet. The property is ideally located in Westridge Business Park–Santa Cruz County’s premiere business park. The business park is home to some of the area’s more notable companies including Driscoll’s Inc., DHL, Sierra Thermal Systems, Inc., California Strawberry Commission, California Giant, Gold’s Gym, and the County of Santa Cruz. Access to Highway 1, 129 and 152 are near immediate.


Many of Watsonville’s best amenities, goods and services are also nearby. The building itself has a significant glass line on all sides and is very attractive with subtle tan-colored exposed aggregate finish. Rich, mature landscaping surrounds the building helping to create a serene and pleasant working environment.


This offering allows a discerning buyer an increasingly rare opportunity to invest in one of Santa Cruz County’s most sought after office markets. This is a prime investment opportunity with great upside potential.

Investment highlights

  • ± 36,635 S.F.
  • Fully Improved, High Quality, Single Story Office Building
  • Located in Prominent and Established Office Park
  • Strong Upside Potential 100% Leased to Driscoll’s
  • Driscoll’s Corporate HQ Since 1994
  • 71 Months Remaining Lease Term
  • Annual NOI: $698,914

Listing Contacts

EB
CA 01736370, CO II100055630
SBA Commercial
Listed by SBA Commercial

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$707,673.00
$58,972.75/mo

Valuation Metrics

0
DSCR
7.5%
Cap Rate
7.5%
ROI

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