501 2nd St
Petaluma, CA 94952
Office Property For Sale

Keegan & Coppin is pleased to present an opportunity to purchase this modern, two-story single-family home located in the much sought-after West Petaluma Wharf District. The home was constructed in 2004 with a unique South of Market feel, metal corrugated siding coupled with colorful stucco exterior, peaceful private back patio and second floor deck space add to the ambiance. The home is approximately 2,100 sq and has 3 bedrooms/ 2.5 baths, single car garage with extra secured storage enclosure, AC units with zones for up/down stairs, kitchen has Corian counters coupled with Viking Gas range and hood. While the current tenant has carpeting there is beautiful hardwood flooring just underneath. The existing Tenant just completed the 6th year of a 10 year lease, that runs thru 4/30/22. The lease has no renewal options; however, the Tenant has requested an extention beyond its current expiration. The current rent is $4,244.00 per month with 3% annual rental increases. Lease is structured such that the landlord pays taxes, insurance ($1,200.00 per year) and landscaping ($1,000.00 per year) while tenant is responsible for all other expenses.