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618 5th St
Santa Rosa, CA 95404
Kress Bldg · Office Property For Sale
Investment Highlights
- The property includes two structures on a single parcel: 613 4th Street & 618 5th Street
- Surrounded by boutique shops, popular restaurants, bars, and entertainment
- The second floor offers a various remodeled office suites, and hallway skylights that capture abundance of natural light.
Executive Summary
The Iconic Kress Building – Santa Rosa CA
Rare chance to own a landmark property in the heart of Santa Rosa’s dynamic 4th Street business district, across from Old Courthouse Square. Originally built for the famed S.H. Kress & Co., this architecturally distinguished building is part of a legacy of historic Kress structures recognized as cultural landmarks across the country.
The Kress Building sits at the epicenter of Santa Rosa’s vibrant downtown scene, surrounded by boutique shops, popular restaurants, bars, and entertainment venues, all within walking distance. Several public parking garages are conveniently located nearby, providing ample parking for tenants and visitors.
The property includes two structures on a single parcel: 613 4th Street: A beautifully preserved two-story building featuring a ground-floor retail/restaurant space currently leased to Darbar Kitchen – Indian & Nepalese Cuisine, a new and popular dining destination.
The second structure : 618 5th Street - an approximately 4,000 square foot leased to Clone Digital, a printing company.
The second floor offers a various remodeled office suites, and hallway skylights that capture abundance of natural light. The upstairs is home to a diverse group of professional tenants, including lawyers, therapists, engineering, real estate …etc. Most leases are on month-to-month providing immediate rental upside. Office tenants are on a full-service leases.
Rare chance to own a landmark property in the heart of Santa Rosa’s dynamic 4th Street business district, across from Old Courthouse Square. Originally built for the famed S.H. Kress & Co., this architecturally distinguished building is part of a legacy of historic Kress structures recognized as cultural landmarks across the country.
The Kress Building sits at the epicenter of Santa Rosa’s vibrant downtown scene, surrounded by boutique shops, popular restaurants, bars, and entertainment venues, all within walking distance. Several public parking garages are conveniently located nearby, providing ample parking for tenants and visitors.
The property includes two structures on a single parcel: 613 4th Street: A beautifully preserved two-story building featuring a ground-floor retail/restaurant space currently leased to Darbar Kitchen – Indian & Nepalese Cuisine, a new and popular dining destination.
The second structure : 618 5th Street - an approximately 4,000 square foot leased to Clone Digital, a printing company.
The second floor offers a various remodeled office suites, and hallway skylights that capture abundance of natural light. The upstairs is home to a diverse group of professional tenants, including lawyers, therapists, engineering, real estate …etc. Most leases are on month-to-month providing immediate rental upside. Office tenants are on a full-service leases.
Property Facts
Sale Type
Investment
Property Type
Building Size
20,760 SF
Building Class
C
Year Built/Renovated
1930/2019
Price
$3,999,000
Price Per SF
$192.63
Cap Rate
7.19%
NOI
$287,528
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
10,000 SF
Building FAR
1.77
Lot Size
0.27 AC
Opportunity Zone
Yes
Zoning
C-2 - Commercial General
Amenities
- Natural Light
Property Taxes
| Parcel Number | 009-011-005 | Improvements Assessment | $4,377,692 |
| Land Assessment | $894,863 | Total Assessment | $5,272,555 |
Property Taxes
Parcel Number
009-011-005
Land Assessment
$894,863
Improvements Assessment
$4,377,692
Total Assessment
$5,272,555
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