125 Walnut Ave & 130 Pearl Alley, Santa Cruz, CA 95060

The 97% leased, 2-story 17,319 SF building is surrounded by a dense retail amenity base and adjacent to several prominent Downtown mixed-use redevelopment projects, with plenty of downtown parking close by. The Eulensen Building would provide a buyer the opportunity to generate stable cash flow immediately while still offering tremendous value-add upside. Downtown Santa Cruz continues to grow as over several large-scale market-rate multifamily and hotel developments have broken ground or are set to break ground within the next two years. Additionally, the Santa Cruz Warriors, the G-League Affiliate to the 2022 NBA Champions Golden State Warriors, are in the design phase of developing a permanent arena in the South of Laurel District of Downtown. Only a few properties trade in Downtown Santa Cruz each year, so each offering is a rare opportunity. The Eulensen Building is no exception and is a rare chance to become a building owner in Downtown Santa Cruz.