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1105 Water St
Santa Cruz, CA 95062
Office Property For Sale
Executive Summary
Sherman & Boone Real Estate is pleased to present a fully leased commercial property located at 1105 Water
Street in Santa Cruz, CA. This offering includes two buildings on a single parcel, featuring a private parking lot with
12 on-site spaces plus street parking and a security system in place. Positioned in the heart of Midtown—near
Seabright Avenue and Downtown Santa Cruz—the property encompasses 5,290 square feet with excellent visibility
and strong traffic counts.
Over 335 new housing units are approved along Water Street, with an additional 500 units planned in surrounding
neighborhoods over the next five years. These projects will transform outdated commercial sites into vibrant
residential communities—bringing an influx of new residents and energy to the neighborhood.
This property has benefited from long-term tenancy, minimal turnover, and a dedicated roof reserve fund, reflecting
responsible ownership and ongoing maintenance. With its prime Midtown location, strong tenant history, and
upcoming owner-user potential, 1105 Water Street represents an outstanding investment opportunity in the thriving
Santa Cruz market.
Street in Santa Cruz, CA. This offering includes two buildings on a single parcel, featuring a private parking lot with
12 on-site spaces plus street parking and a security system in place. Positioned in the heart of Midtown—near
Seabright Avenue and Downtown Santa Cruz—the property encompasses 5,290 square feet with excellent visibility
and strong traffic counts.
Over 335 new housing units are approved along Water Street, with an additional 500 units planned in surrounding
neighborhoods over the next five years. These projects will transform outdated commercial sites into vibrant
residential communities—bringing an influx of new residents and energy to the neighborhood.
This property has benefited from long-term tenancy, minimal turnover, and a dedicated roof reserve fund, reflecting
responsible ownership and ongoing maintenance. With its prime Midtown location, strong tenant history, and
upcoming owner-user potential, 1105 Water Street represents an outstanding investment opportunity in the thriving
Santa Cruz market.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
5,290 SF
Building Class
B
Year Built
1965
Price
$2,791,539 CAD
Price Per SF
$527.70 CAD
Percent Leased
65%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,290 SF
Building FAR
0.45
Lot Size
0.27 AC
Zoning
C-4 - C-4 Commercial
Property Taxes
| Parcel Number | 009-243-26-000 | Improvements Assessment | $590,314 CAD |
| Land Assessment | $472,253 CAD | Total Assessment | $1,062,567 CAD |
Property Taxes
Parcel Number
009-243-26-000
Land Assessment
$472,253 CAD
Improvements Assessment
$590,314 CAD
Total Assessment
$1,062,567 CAD
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