California Auction Guide

Description:

Redevelopment Opportunity - Santa Cruz Sentinel Building

Minimum Bid $3,500,000

Bids Due: August 7th

·      Prime In-fill Downtown Santa Cruz location

·      Two-story building over partial basement, built in 1966

·      52,075± gross sf building on 1.39± Acres

·      Ample parking with 97 total spaces

·      Zoning CBD Central Business District, allows for a number of uses including retail and restaurant

 

Summary of Terms: $250,000 Cashiers Check required in order to bid; 6% Buyer’s Premium will be charged to high bidder; 5% total deposit within 48 hours of sale; close of escrow on or before September 10, 2009; 2% paid to properly registered cooperating broker; property sold as-is with no contingencies; sale subject to Minimum Bid; please see Property Information Package for complete terms of sale.

Directions:
Take I-5
Merge onto CA-152W toward GILROY/HOLLISTER/SAN JOSE.
Stay STRAIGHT onto CA-156 W.
Merge onto US-101 S/CA-156 W.
Slight RIGHT onto San Juan Rd / CR-G11.
RIGHT onto PORTER Dr.
LEFT onto W RIVERSIDE Dr.
Take the CA-1 N ramp toward SANTA CRUZ.
Merge onto CA-1 N.
CA-1 N becomes CHESTNUT St.
LEFT onto CHURCH.


Contact Information: For more information please contact Debi Recher at (949) 727-9011.
License Number:


Click Here to Download an Information Package