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801 4th St 9,300 SF 100% Leased Office Building Santa Rosa, CA 95404 $2,850,000 ($306.45/SF) 5.27% Cap Rate



Investment Highlights
- Ground floor leased to Columbia Bank through September 2030, with extension options through 2036.
- Corner location at Fourth and E Streets in Downtown Santa Rosa.
- Vacant second floor offers value-add lease-up potential for investors or owner-users.
- Approximately 35 on-site parking spaces, a rare downtown amenity.
Executive Summary
801 Fourth Street represents a rare opportunity to acquire a well-located, two-story office building in the heart of Downtown Santa Rosa, anchored by a newly extended lease with Columbia Bank on the entire ground floor. The property comprises approximately 8,679 square feet and includes an adjacent 8,700± square foot parking lot with approximately 35 on-site spaces, an exceptionally valuable amenity in the downtown core. The first floor contains approximately 5,050 rentable square feet, fully leased to Columbia Bank through September 30, 2030, with two additional three-year extension options that could extend occupancy through 2036.
The entire second floor, comprising approximately 4,450 square feet, is currently vacant and configured with multiple private offices, conference room, bullpen area, large kitchen, elevator access, and abundant natural light. This vacancy creates a compelling value-add opportunity for an investor to lease the space to an owner-user or traditional office tenant, thereby materially increasing net operating income and overall asset value.
Located at the prominent corner of Fourth and E Streets, just two blocks from Courthouse Square, the property benefits from excellent visibility, walkability, and direct access to Downtown Santa Rosa’s restaurants, professional services, government offices, and retail amenities. Courthouse Square The combination of secure in-place income, substantial upside through lease-up of the second floor, and a prime downtown location with abundant parking positions 801 Fourth Street as an attractive investment for private investors, family offices, and owner-users seeking both stability and appreciation potential.
The entire second floor, comprising approximately 4,450 square feet, is currently vacant and configured with multiple private offices, conference room, bullpen area, large kitchen, elevator access, and abundant natural light. This vacancy creates a compelling value-add opportunity for an investor to lease the space to an owner-user or traditional office tenant, thereby materially increasing net operating income and overall asset value.
Located at the prominent corner of Fourth and E Streets, just two blocks from Courthouse Square, the property benefits from excellent visibility, walkability, and direct access to Downtown Santa Rosa’s restaurants, professional services, government offices, and retail amenities. Courthouse Square The combination of secure in-place income, substantial upside through lease-up of the second floor, and a prime downtown location with abundant parking positions 801 Fourth Street as an attractive investment for private investors, family offices, and owner-users seeking both stability and appreciation potential.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
9,300 SF
Building Class
C
Year Built
1957
Price
$2,850,000
Price Per SF
$306.45
Cap Rate
5.27%
NOI
$150,277
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,650 SF
Building FAR
0.71
Lot Size
0.30 AC
Opportunity Zone
Yes
Zoning
C-2, Santa Rosa - Office
Parking
11 Spaces (1.18 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Finance and Insurance
- -
- -
- -
Columbia Bank began in 1993 as part of Columbia Banking System in Washington. The company provides personal and business banking services, including checking and savings accounts, home loans, and commercial banking solutions, and also offers wealth management, treasury management, and leasing services. After combining with Umpqua Bank, the bank unified under the Columbia brand and broadened its regional reach across the western United States. Columbia Bank now serves families and businesses through a mix of branch, digital, and relationship-based banking services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
Finance and Insurance | - | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 009-054-031 | Improvements Assessment | $1,957,329 |
| Land Assessment | $326,208 | Total Assessment | $2,283,537 |
Property Taxes
Parcel Number
009-054-031
Land Assessment
$326,208
Improvements Assessment
$1,957,329
Total Assessment
$2,283,537
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