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3000 Cleveland Ave
Santa Rosa, CA 95403
Office Property For Sale
Investment Highlights
- Seller financing
- Small Tenants
- Plans Available to Convert to Apartments
Executive Summary
3000 Cleveland Avenue presents a unique opportunity with in place income and strong future development potential. The two building, two story property features a functional layout centered around multiple interior courtyards with exterior entrances to the units. The mid century design is evident in the buildings amenities such as wood construction, open layout concrete staircases, planter areas, skylit courtyards, metal entry gates, second floor pitched wood ceilings with beams and a general sense of a solid building with lots of parking.
There is seller financing available on this property.
Current gross income may be increased by leasing out vacant units and rewriting the agreements which are currently month to month. Having a mix of small business tenants allows flexibility for the owner to plan a conversion to apartments. The plans for the possible conversion are included with the sale.
There is seller financing available on this property.
Current gross income may be increased by leasing out vacant units and rewriting the agreements which are currently month to month. Having a mix of small business tenants allows flexibility for the owner to plan a conversion to apartments. The plans for the possible conversion are included with the sale.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Office
Building Size
6,000 SF
Building Class
B
Year Built
1967
Price
$1,721,875 CAD
Price Per SF
$286.98 CAD
Cap Rate
4%
NOI
$68,875 CAD
Percent Leased
80%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,000 SF
Building FAR
0.38
Lot Size
0.36 AC
Zoning
LO - Professional Office District
Parking
17 Spaces (2.83 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 015-491-023 | Improvements Assessment | $644,791 CAD |
| Land Assessment | $310,443 CAD | Total Assessment | $955,234 CAD |
Property Taxes
Parcel Number
015-491-023
Land Assessment
$310,443 CAD
Improvements Assessment
$644,791 CAD
Total Assessment
$955,234 CAD
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