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Multi-Tenant Leased Investment 1160 N Dutton Ave 31,045 SF Office Building Santa Rosa, CA 95401 $5,400,000 ($173.94/SF) 6.57% Cap Rate



Executive Summary
The subject property consists of a unique, steel frame, architecturally distinctive 2-story multi-tenant garden style professional office building totaling approximately 31,000 rentable square feet and features a central landscaped open air atrium courtyard with fountain. The exterior walls are painted plaster with a brick veneer. The current building configuration includes 8 demised spaces upon the first floor and 6 demised spaces upon the second floor with spaces ranging in size from approximately 600 sf to 6,900 sf (see space plans). Both floors will accommodate single or multi-tenant occupancy. Both floors have men's and woman's restroom accessed directly from the covered corridor and balcony.
Diverse and Strong Tenant Mix - Professional and Medical Offices
Appealing Tenant Improvements - Highly Improved Office Spaces
Varied Selection of Floor Plans with sizes ranging from 600 - 6,900 sf
A Variety of Lease Terms
Pride of Ownership Property & Well Maintained
Value Add Opportunity - Potential to Lease Vacancies & Increase Income
Secure Cash Flow
1/4 Mile to US Highway 101 from College Avenue On/Off Ramp
Located within the Santa Rosa Business Park, a 70-acre master planned development
The property provides investors the opportunity to acquire a "Class A" building in a prime location at a significant discount to replacement cost estimated to be at least $300.00 per sf.
Diverse and Strong Tenant Mix - Professional and Medical Offices
Appealing Tenant Improvements - Highly Improved Office Spaces
Varied Selection of Floor Plans with sizes ranging from 600 - 6,900 sf
A Variety of Lease Terms
Pride of Ownership Property & Well Maintained
Value Add Opportunity - Potential to Lease Vacancies & Increase Income
Secure Cash Flow
1/4 Mile to US Highway 101 from College Avenue On/Off Ramp
Located within the Santa Rosa Business Park, a 70-acre master planned development
The property provides investors the opportunity to acquire a "Class A" building in a prime location at a significant discount to replacement cost estimated to be at least $300.00 per sf.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$702,835
|
$22.61
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$35,142
|
$1.13
|
| Effective Gross Income |
$667,693
|
$21.47
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$313,000
|
$10.07
|
| Net Operating Income |
$354,693
|
$11.41
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $702,835 |
| Annual Per SF | $22.61 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $35,142 |
| Annual Per SF | $1.13 |
| Effective Gross Income | |
|---|---|
| Annual | $667,693 |
| Annual Per SF | $21.47 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $313,000 |
| Annual Per SF | $10.07 |
| Net Operating Income | |
|---|---|
| Annual | $354,693 |
| Annual Per SF | $11.41 |
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
31,045 SF
Building Class
A
Year Built
1986
Price
$5,400,000
Price Per SF
$173.94
Cap Rate
6.57%
NOI
$354,693
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
15,523 SF
Building FAR
0.39
Lot Size
1.83 AC
Zoning
BP-SA - Business Park - Station Area (North)
Amenities
- Atrium
- Courtyard
- Signage
- Monument Signage
- Balcony
- Solar Panels
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Suite 200: 2,650± sf on the second floor. 7 private offices, conference room, kitchenette, reception area and storage area.
Suite 240: 2,382± sf. 2nd floor - 5 private offices, conference room, waiting area and storage closet.
| Space | Size | Space Use | Build-Out | Available |
| 2nd Fl-Ste 200 | 2,650 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 240 | 2,382 SF | Office | Full Build-Out | Now |
2nd Fl-Ste 200
| Size |
| 2,650 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 240
| Size |
| 2,382 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
2nd Fl-Ste 200
| Size | 2,650 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Suite 200: 2,650± sf on the second floor. 7 private offices, conference room, kitchenette, reception area and storage area.
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
2nd Fl-Ste 240
| Size | 2,382 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Suite 240: 2,382± sf. 2nd floor - 5 private offices, conference room, waiting area and storage closet.
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 036-252-012 | Improvements Assessment | $3,713,873 (2025) |
| Land Assessment | $1,508,759 (2025) | Total Assessment | $5,222,632 (2025) |
Property Taxes
Parcel Number
036-252-012
Land Assessment
$1,508,759 (2025)
Improvements Assessment
$3,713,873 (2025)
Total Assessment
$5,222,632 (2025)
1 of 19
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
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Multi-Tenant Leased Investment | 1160 N Dutton Ave
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