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864-868 2nd St 4,200 SF 100% Leased Office Building Santa Rosa, CA 95404 $1,750,000 ($416.67/SF)
Executive Summary
The subject property presents an owner-user opportunity on a two-building, +/-37,500 SF parcel in Santa Rosa. The seller, a dentist, is retiring and will vacate the 2,100 SF main building upon sale, making it available for occupancy by a dental or medical buyer. The building features existing dental plumbing and is in excellent condition. The two co-tenants will remain in place, with their rental income available to offset debt service and operating expenses. The second building, approximately 4,000 SF, provides additional income potential or expansion space. Dedicated parking is provided for both buildings. The property is also well suited to an arms-length, value-add investment strategy, combining lease-up of the vacating main building with the existing co-tenant income and further upside potential from the second building.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
4,200 SF
Building Class
C
Year Built
1978
Price
$1,750,000
Price Per SF
$416.67
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,200 SF
Building FAR
0.11
Lot Size
0.86 AC
Opportunity Zone
Yes
Zoning
R-4, Santa Rosa
Parking
31 Spaces (4.87 Spaces per 1,000 SF Leased)
Amenities
- Courtyard
- Signage
- Skylights
- Reception
- Storage Space
- Natural Light
- Partitioned Offices
- Secure Storage
- Yard
- Monument Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Paul J Steigerwald
- Health Care and Social Assistance
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Paul J Steigerwald | Health Care and Social Assistance | - | - | - |
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Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 009-063-045 | Improvements Assessment | $1,054,816 |
| Land Assessment | $528,943 | Total Assessment | $1,583,759 |
Property Taxes
Parcel Number
009-063-045
Land Assessment
$528,943
Improvements Assessment
$1,054,816
Total Assessment
$1,583,759
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Contact the Sale Advisor
864-868 2nd St