864-868 2nd St - Medical FOR SALE


Santa Rosa, CA 95404- Outer Santa Rosa
$1,750,000 USD
510-926-9048
864-868 2nd St, Santa Rosa, CA for Sale
$1,750,000 USD
Medical - FOR SALE
1/38
null | Request Cap Rate

864-868 2nd St
Santa Rosa, CA 95404
Outer Santa Rosa


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$417 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,462 SF

ZONING

R-4, Santa Rosa

APN/PARCEL ID

009-063-045

ASK ABOUT THIS PROPERTY

Quentin CarusoMarcus & MillichapMore Info
510-926-9048

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Quentin CarusoMarcus & MillichapMore Info
510-926-9048

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.