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Property Description

Soquel Village Mall is a three-building commercial property with a high-profile location at the intersection of Soquel Drive and Porter Street in the heart of Soquel, California. The property totals 8,592 square feet of gross leasable area on 0.77 acres and includes a multi-tenant commercial building, single-tenant restaurant building, and single-tenant auto repair building. This is the first time the property has been on the market in 40 years and represents a rare opportunity for an investor to acquire three highly desirable buildings in a single transaction. Most of the tenants in Soquel Village Mall have occupied the property for many years, and contract rents are well below market levels. Additionally, about 40% of the space is vacant or leased on a short-term basis. The net income for the property can be increased significantly by leasing up the vacant space and moving contract rents to market. Each building is situated on a separate parcel. located at the northwest corner of Soquel Drive and Porter Street, two of the major surface streets in Soquel. Soquel Drive carries about 19,000 vehicles per day and Porter Street has traf c counts exceeding 11,000 vehicles per day, providing excellent exposure for tenants at the property. Easy drive to San Jose & Monterey Bay Areas.

Overview

Property Status
Sold
Lot Size
0.77 Acres
MLS ID
ML82001653
Property Type
Commercial
Year Built
1935

Features & Amenities

Total Area
8,592 Sq.Ft.
Neighborhood
Soquel
Stories
1
Water Source
Public
Roof
Tar/Gravel, Rolled/Hot Mop
Parking
Off Street, Common
Heat Type
Forced Air
Air Conditioning
Other
Sewer
Public Sewer
Substructure
Slab, Concrete Perimeter
Sales Price
$2,830,000
Real Estate Tax
$21,515/yr
Maintenance Fee
$10,628/mo
Zoning
C-2-GH

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3025 Porter Street

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for your interest in 3025 Porter Street, SOQUEL, CA 95073

3025 Porter Street
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