J. R. Parrish Commercial Real Estate

 

Search All J.R. Parrish Listings Now!

Please select your search parameters by using checkboxes below

Leave all checkboxes blank to see ALL of J.R. Parrish Listed Properties. Be patient, the list can get pretty long - at J.R. Parrish we have the whole county covered!

Looking to Buy or Lease? Lease Buy Both
Anywhere in Particular? To display ALL properties in one city, just click on the city name
What type of property? To display ALL properties of one type just click on the type name

Your Properties While looking up our listings, you can build your own custom list by selecting "Add to my list" checkboxes and then clicking on "Add Selected to My List" button at the top or at the bottom of each list page.

Your list is empty

 
   J. R. Parrish Library
 
Is the Drive In Driving Off?
Wednesday, April 18, 2007
 
Sutter Health, parent company of the Santa Cruz Medical Clinic has confirmed that it is in negotiations to buy the 14 acre Drive In Theater site on Soquel Drive. J.R. Parrish estimates that the land value of the site to be in excess of $35.00 per square foot, putting the transaction in the range of $21,000,000.00. This would make for the largest recent commercial real estate land transaction in the Santa Cruz County, dwarfing the sale of the Lipton site to Red Tree in 2005. Only the sale of the Borland Campus to Triple Net Properties, rivals the transaction size.

The brokers at J.R. Parrish in Santa Cruz believe that this commercial property is ideal for multiple uses, incorporating multi family housing, medical office and retail. Sutters plans for the site obviously involve medical uses, but the extent of their plans is unknown, as is the requirements of the County of Santa Cruz, who will no doubt push for both housing and retail.