879 2nd St
Santa Rosa, CA 95404
Outer Santa Rosa
HIGHLIGHTS
- The tenant has occupied the property since October 2013 and has executed two lease extensions, demonstrating long-term commitment to the location
- Current rent is approximately $1.58/SF/month, providing a low-rent single tenant opportunity in a core Bay Area market
- The subject property is located near Santa Rosa Memorial Hospital and benefits from surrounding medical, residential, and downtown demand drivers
- Omnicare of Santa Rosa, is part of a national pharmacy services platform focused on long-term care facilities
- Santa Rosa is the largest city in Sonoma County and serves as a regional hub for healthcare, employment, retail, and professional services
- Average household incomes exceed $143,000 within a 5-mile radius, highlighting the strength of the surrounding trade area
OVERVIEW
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.
FOR SALE DETAILS
PRICE
$1,200,800 USD
PRICE/SF
$281 USD /SF
CAP RATE
6.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Omnicare
PROPERTY TYPE
Office
ADD'L SUBTYPES
Medical
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
1998
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.12 AC
LAND SF
5,227 SF
ZONING
-
APN/PARCEL ID
009-062-051
ASK ABOUT THIS PROPERTY
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650-678-7200
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650-678-7200
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