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864-868 2nd St
Santa Rosa, CA 95404
Office Property For Sale


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
$2,416,522 CAD
Price Per SF
$575.36 CAD
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
Property Taxes
| Parcel Number | 009-063-045 | Improvements Assessment | $1,456,564 CAD |
| Land Assessment | $730,402 CAD | Total Assessment | $2,186,965 CAD |
Property Taxes
Parcel Number
009-063-045
Land Assessment
$730,402 CAD
Improvements Assessment
$1,456,564 CAD
Total Assessment
$2,186,965 CAD
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