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Omnicare 879 2nd St 4,266 SF Office Building Santa Rosa, CA 95404 $1,200,800 ($281.48/SF) 6.75% Cap Rate
Investment Highlights
- The tenant has occupied the property since October 2013 and has executed two lease extensions, demonstrating long-term commitment to the location
- The subject property is located near Santa Rosa Memorial Hospital and benefits from surrounding medical, residential, and downtown demand drivers
- Santa Rosa is the largest city in Sonoma County and serves as a regional hub for healthcare, employment, retail, and professional services
- Current rent is approximately $1.58/SF/month, providing a low-rent single tenant opportunity in a core Bay Area market
- Omnicare of Santa Rosa, is part of a national pharmacy services platform focused on long-term care facilities
- Average household incomes exceed $143,000 within a 5-mile radius, highlighting the strength of the surrounding trade area
Executive Summary
The subject property offers investors the opportunity to acquire an infill single-tenant pharmacy asset in Santa Rosa, the largest city in Sonoma County and a key healthcare hub for the North Bay. The site benefits from proximity to Santa Rosa Memorial Hospital, downtown Santa Rosa, and an affluent surrounding population base.
Property Facts
Sale Type
Investment
Property Type
Building Size
4,266 SF
Building Class
B
Year Built
1998
Price
$1,200,800
Price Per SF
$281.48
Cap Rate
6.75%
NOI
$81,054
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,266 SF
Building FAR
0.82
Lot Size
0.12 AC
Opportunity Zone
Yes
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 009-062-051 | Improvements Assessment | $789,195 |
| Land Assessment | $203,099 | Total Assessment | $992,294 |
Property Taxes
Parcel Number
009-062-051
Land Assessment
$203,099
Improvements Assessment
$789,195
Total Assessment
$992,294
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