Property Description:
-Major Price Reduction
-Going In CAP Rate of 7.36%
-$104/SF
Marcus & Millichap is pleased to offer the unique opportunity to
acquire Riverside Professional Building, a true pride-of-ownership asset
in the Heart of Sonoma. Located just seven blocks off the Historic
Sonoma Square, this multi-tenant building totals 40,789 square feet.
The offering also includes a 422 square foot barn and a 1,283 square foot
single-family residence, currently occupied by the on-site manager. The
strong tenant demand, fueled by the nature of the suites, many of which
are under 1,000 square feet and the lack of competitive properties,
should all but guarantee consistent high levels of occupancy over time.
The property is very diverse, offering tenants warehouse space (of
which most is refrigerated), office space and common areas that include
a conference room, a patio with views of the rolling hills of the wine
country, kitchen areas, and ample parking. The building also provides
a back-up generator, which allows the building to operate at full
capacity in the event of a power outage. Although located in the
County of Sonoma, the property has access to City of Sonoma Water
and Sewer.

Location Description:
Located 7 blocks west of Historic Sonoma Square