Multi-Tenant Leased Retail Investment 421 S Cloverdale Blvd 10,896 SF 63% Leased Retail Building Cloverdale, CA 95425 $2,495,000 ($228.98/SF) 7.89% Cap Rate

Keegan & Coppin, Company is pleased to present an opportunity to acquire this quality downtown retail investment property in the highly desirable Sonoma County Wine Region. Located in central Cloverdale and near several new developments, this multi-tenant property is nearby many restaurants, cafes, and boutique shopping stores. Originally constructed in 1958 as a grocery store, the property was architecturally redesigned and professionally renovated in 2005 to feature eight (8) new tenant spaces. Five of these spaces are presently leased to four tenants, along with the recent addition of eight (8) new Tesla charging stations in the parking area. The property is abundantly parked at over four (4) spaces per 1,000 sq ft of building area and fronts Cloverdale Boulevard providing all tenants excellent street exposure and signage visibility.
• Tenant Leases are Triple Net with Annual Increases and Expense Pass-throughs
• Both En-suite and Common Area Restrooms
• North Parking Lot Was Recently Slurry Sealed
• South Parking Lot to be resealed and striped in the next ninety (90) days
• Coming Soon - $40 Million, 27,000+/- SF Alexander Valley Health Center directly across the street!