Brand New Modern Construction | 11 Luxury Townhomes in Santa Cruz, CA
- 16,843 Square Feet
- For Sale
Colliers International, as the exclusive advisor, in association with Ow Commercial, is pleased to present the opportunity to acquire 1804 Ocean Street, an 11-unit apartment community in Santa Cruz, CA. The property is ideally located less than an hour from the core of Silicon Valley and in one of the most desirable ocean communities in the world.
1804 Ocean Street offers investors a rare opportunity to acquire a brand new development within the highly desirable Santa Cruz market. This modern, luxury townhome development project is truly a turnkey pride-of-ownership asset. Santa Cruz is a high-demand rental market offering current and long-term appeal to residents seeking a beach-town lifestyle and proximity to some of the best jobs in the country.
1804 Ocean Street is being offered for $7,950,000, representing a current cap rate of 5.5% on projected rents. At $472 per SF, 1804 Ocean Street is competitively priced with other like-kind assets that have recently transacted and are on the market currently.
Property Status: New Development
Building Size: 16843 Square Feet
Area Available: 16,843 Square Feet