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418 Aviation Blvd 6,592 SF Office Building Santa Rosa, CA 95403 $1,970,000 ($298.85/SF) 8.49% Cap Rate
Executive Summary
Presenting 418 Aviation Blvd, a ±6,592 SF multi-tenant office/medical building on ±0.10 acres, strategically located in the Airport Business Center within the Santa Rosa submarket. This well-positioned asset offers both stabilized income and significant lease-up potential, with current occupancy at 85% with ~1,500 sf available. Built in 1991, the property features flexible suite configurations, a strong parking ratio of 6.0/1,000 SF, and a professional environment suitable for a wide range of tenants. Recent leasing activity in the submarket supports competitive asking rents of $24.60–$36.00/SF MG, creating value-add opportunities for investors or a potential owner-user. The property’s location provides excellent regional connectivity with immediate access to Highway 101, proximity to Charles M. Schulz– Sonoma County Airport (5 minutes), and SMART commuter rail service (14 minutes by foot, 10 minutes by car). Surrounded by strong local amenities and a diverse tenant base, 418 Aviation Blvd represents a rare opportunity to acquire a flexible, income-producing office asset in one of Sonoma County’s most dynamic business corridors.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
6,592 SF
Building Class
C
Year Built
1991
Price
$1,970,000
Price Per SF
$298.85
Cap Rate
8.49%
NOI
$167,294
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,350 SF
Building FAR
1.51
Lot Size
0.10 AC
Zoning
MP2, Santa Rosa
Parking
8 Spaces (6 Spaces per 1,000 SF Leased)
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Property Taxes
| Parcel Number | 059-350-059 | Improvements Assessment | $1,397,170 |
| Land Assessment | $399,184 | Total Assessment | $1,796,354 |
Property Taxes
Parcel Number
059-350-059
Land Assessment
$399,184
Improvements Assessment
$1,397,170
Total Assessment
$1,796,354
Contacts
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James Kilpatrick -
Seth Hubbert -
Damon Gerstein -
Tim Marshall -
Ian Cruda -
NAI Northern California
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418 Aviation Blvd
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