Pride of ownership building in great location. Three story building with elevator. Medical related tenants on the first two floors including Dignity Health with attorneys on the third floor. The building shows well and has plenty of parking on the 1610 Soquel Avenue access and more parking on the 700 Frederick Street side of the property. Building currently has three vacancies with a great opportunity for an owner user. The three spaces total 4,480 square feet consisting of a recently retired doctor's suite of 2,240 square feet and two other suites of 1,120 square feet each. Pro forma income at $1.75 per foot would be a base rent of $94,080 and has been added to the gross income. All but the newest tenant is a triple net lease with current annual reimbursements of $59,136. This investment opportunity is subject to the seller executing an IRS code section 1031 tax deferred exchange. Do not disturb any tenants.
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Listing Courtesy ofCentury 21 Mm