Santa Cruz Commercial Appraisal

We recently just completed a commercial appraisal assignment located in Santa Cruz, California. The subject property is a multi-tenant industrial building constructed in 1986. The property totals 38,340 square feet located on a site of 2.74 acres. The improvements are average concrete construction and in average condition. The property features 16′ clear heights, 40% office finish, and grade-level & dock-high loading doors. The property is 58% occupied by three tenants. This commercial appraisal assignment was conducted for a national financial institution.