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1128-1134 Pacific Ave
3,902 - 14,979 SF of Retail Space Available in Santa Cruz, CA 95060
Highlights
- Central Downtown Santa Cruz Location
- City Parking Garage across Street
- Prominent Single Story Building with Private, On-Site Parking
- New Residential Projects Underway - over 1,250 new units being built downtown
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 1128-1132 | 3,902 SF | Negotiable | $55.18 CAD/SF/YR $4.60 CAD/SF/MO $593.94 CAD/m²/YR $49.49 CAD/m²/MO $17,942 CAD/MO $215,306 CAD/YR | Triple Net (NNN) | ||
| 1st Floor, Ste 1132-1134 | 11,077 SF | Negotiable | $55.18 CAD/SF/YR $4.60 CAD/SF/MO $593.94 CAD/m²/YR $49.49 CAD/m²/MO $50,934 CAD/MO $611,211 CAD/YR | Triple Net (NNN) |
1st Floor, Ste 1128-1132
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Convenience Store
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 14,979 SF of adjacent space
1st Floor, Ste 1132-1134
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Convenience Store
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 14,979 SF of adjacent space
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 1128-1134 Pacific Ave , Santa Cruz, CA 95060
| Property Type | Retail | Year Built | 1929 |
| Property Subtype | Storefront | Parking Ratio | 3.61/1,000 SF |
| Gross Leasable Area | 14,979 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 14,979 SF |
| Year Built | 1929 |
| Parking Ratio | 3.61/1,000 SF |
About the Property
This "Main & Main" St. property is located in the heart of popular Downtown Santa Cruz. It is a prominent retail building at a busy corner location with onsite parking; and a large City owned parking garage across the street. Originally built in the late 1920's by the Bank of Italy (Bank of America), its most recent iteration is grocery. The current tenant, New Leaf Market is moving to a larger building on the outskirts of the downtown area at Hwy 1, providing an opportunity for a grocer, restaurateur, or retailer to locate at this rare and coveted location right in the heart of a growing downtown Santa Cruz. There are over 1,250 new housing units under construction now downtown, most of them only a few blocks away from 1128-1132 Pacific Ave. within easy walking distance. There is no other grocer downtown except for Trader Joe's. The offering consists of two buildings contiguous to each other. 1128-1130 has three tenants currently. 1132-1134 is New Leaf Market, their original location, from which New Leaf grew to multiple stores. New Leaf is vacating at the end of September 2024. The next tenant can occupy anywhere from 8,793± RSF (just 1134 Pacific) up to 14,979± RSF. Current market configuration is 11,077± RSF (which includes 1132 Pacific Ave.). This prominent downtown location has its own private parking lot - a great convenience. The exterior of the building is designated "Historical". The interior of the market currently has many refrigeration units, freezers, other fixtures, and also a full kitchen/deli area - all of which is appealing to a new grocery use at this location. DO NOT DISTURB TENANTS. CALL LISTING AGENT FOR QUESTIONS AND TO SCHEDULE A TOUR.
- Mezzanine
- Signage
Nearby Major Retailers
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1128-1134 Pacific Ave
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