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1715 Freedom Blvd 8,697 SF 100% Leased Retail Building Freedom, CA 95019 $2,128,778 CAD ($244.77 CAD/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Month-to-month and short-term leases offer value-add potential for investors.
- Property info available to qualified buyers with NDA; showings by appointment only.
EXECUTIVE SUMMARY
Multi Tenant Industrial/Service Commercial Building in Watsonville available to either an investor or an owner-occupant (all or part). Originally part of a multi-property sale including 1701-1705-1707 & 1709 Freedom Blvd., the other properties are now in escrow, leaving 1715 Freedom Blvd. available to be purchased on its own. Please note that the property sale will not be finalized by Seller unless or until the buyer of 1701-1705-1707 & 1709 Freedom Blvd. closes escrow. Once this has occurred, Seller will close on 1715 Freedom; but not earlier.
All tenants at 1715 Freedom Blvd are either on mo-to-mo terms or very short lease terms. For investors, there is opportunity to refresh the property, and raise rents accordingly.
The attached flyer shows the entire offering of 1701-1715 Freedom FOR SALE at $5.625MM. Note that while 1701-1709 is currently in escrow, Seller will consider back-up offers on the entire assemblage (1701-1715 Freedom) as indicated by the attached flyer. A separate flyer advertising 1715 Freedom Blvd. is being prepared and will be uploaded to this CoStar/LoopNet site when ready.
Property Related Materials such as Preliminary Title Report, Leases, Zoning Information, City Records, and other information is available to qualified Buyers who first sign a Non-Disclosure Agreement.
Do not disturb tenants - contact listing broker for more information or to request an appointment to view the property.
All tenants at 1715 Freedom Blvd are either on mo-to-mo terms or very short lease terms. For investors, there is opportunity to refresh the property, and raise rents accordingly.
The attached flyer shows the entire offering of 1701-1715 Freedom FOR SALE at $5.625MM. Note that while 1701-1709 is currently in escrow, Seller will consider back-up offers on the entire assemblage (1701-1715 Freedom) as indicated by the attached flyer. A separate flyer advertising 1715 Freedom Blvd. is being prepared and will be uploaded to this CoStar/LoopNet site when ready.
Property Related Materials such as Preliminary Title Report, Leases, Zoning Information, City Records, and other information is available to qualified Buyers who first sign a Non-Disclosure Agreement.
Do not disturb tenants - contact listing broker for more information or to request an appointment to view the property.
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,697 SF
Building Class
C
Year Built
1942
Price
$2,128,778 CAD
Price Per SF
$244.77 CAD
Cap Rate
6.50%
NOI
$138,371 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.53
Lot Size
0.38 AC
Zoning
CT - Zoned CT City of Watsonville. See the hyperlink on the property flyer attached to download the City zoning ordinance.
Parking
41 Spaces (4.71 Spaces per 1,000 SF Leased)
Frontage
91’ on Freedom Blvd
AMENITIES
- Pylon Sign
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Jesse Reyes
- Services
- -
-
$9.99
-
Lorem Ipsum
- -
- Michael Mohrmann
- Services
- -
-
$9.99
-
Lorem Ipsum
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Jesse Reyes | Services | - | $9.99 | Lorem Ipsum | - | |
| Michael Mohrmann | Services | - | $9.99 | Lorem Ipsum | - |
Walk Score®
Very Walkable (79)
Bike Score®
Very Bikeable (89)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 016-012-11-000 | Total Assessment | $1,480,729 CAD (2025) |
| Land Assessment | $753,641 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $727,089 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
016-012-11-000
Land Assessment
$753,641 CAD (2025)
Improvements Assessment
$727,089 CAD (2025)
Total Assessment
$1,480,729 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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1715 Freedom Blvd
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