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Theatre Square 140 2nd St 59 861 pi² 100% Loué 4-Étoile Bureau Immeuble Petaluma, CA 94952 À vendre
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Faits saillants de l'investissement
- High Quality, Class “A” Office & Retail Asset
- 94% Occupancy & Stable Cash Flow
- Professionally Managed & Maintained
- Strong & Diverse Tenancy
- “Core” Property Located in Thriving Downtown
- Ideal 1031 Exchange Asset
Résumé de l'annonce
Jones Lang LaSalle Brokerage, Inc. (“JLL”), as exclusive advisor, is pleased to present the very rare and outstanding opportunity to acquire a 100% fee-simple interest in Theatre Square, a Class “A” 3-story mixed-use development totaling approximately 59,861 RSF of ground floor retail and second floor offices that are currently 94% leased. Theatre Square is located at 140 2nd Street in the heart of the charming Downtown Petaluma, within the “Theatre District”.
This impeccably maintained core asset occupies the premier location in Petaluma’s thriving Downtown Theatre District, linking together all elements of a bustling, modern mixed-use community. Petaluma’s Downtown Theatre District continues to experience strong growth and vitalization driven by an influx of young families migrating north from neighboring Marin County and other areas. This demographic shift continues to energize downtown Petaluma, with new residents supporting local retailers, restaurants, and service businesses.
The property has a diverse mix of 21 tenants, including 11 office tenants and 10 retail tenants, most of which have a long history at the property. The asset also features a current WALT (“Weighted Average Lease Term”) of 40 months providing a strong cash flow and stable tenant base.
Astute investors have a rare opportunity to acquire an irreplaceable, income producing asset in the premier location in Petaluma’s most prominent district and one of Northern California’s most dynamic growth markets. The asset’s exceptional and diversified tenancy, strong demographic tailwinds, and formidable barriers to entry, should provide stability and long term appreciation, all at a significant discount to estimated replacement cost. For further information, please contact one of JLL Advisory Agents listed on page 6 or request an Offering Memorandum by visiting our:
Revere Deal Page
*Note: The 3rd floor multifamily apartments are not included in this sale.
This impeccably maintained core asset occupies the premier location in Petaluma’s thriving Downtown Theatre District, linking together all elements of a bustling, modern mixed-use community. Petaluma’s Downtown Theatre District continues to experience strong growth and vitalization driven by an influx of young families migrating north from neighboring Marin County and other areas. This demographic shift continues to energize downtown Petaluma, with new residents supporting local retailers, restaurants, and service businesses.
The property has a diverse mix of 21 tenants, including 11 office tenants and 10 retail tenants, most of which have a long history at the property. The asset also features a current WALT (“Weighted Average Lease Term”) of 40 months providing a strong cash flow and stable tenant base.
Astute investors have a rare opportunity to acquire an irreplaceable, income producing asset in the premier location in Petaluma’s most prominent district and one of Northern California’s most dynamic growth markets. The asset’s exceptional and diversified tenancy, strong demographic tailwinds, and formidable barriers to entry, should provide stability and long term appreciation, all at a significant discount to estimated replacement cost. For further information, please contact one of JLL Advisory Agents listed on page 6 or request an Offering Memorandum by visiting our:
Revere Deal Page
*Note: The 3rd floor multifamily apartments are not included in this sale.
Faits sur la propriété
Type de vente
Investissement
Type de propriété
Bureau
Taille du bâtiment
59 861 pi²
Classe d’immeuble
A
Tarification de LoopNet
4 Étoiles
Année de construction
2007
Pourcentage loué
100%
Hauteur du bâtiment
3 étages
Superficie de plancher typique
17 559 pi²
Coefficient d’occupation des sols de l’immeuble
3,44
Taille du lot
0,40 AC
Zonage
CITYPE
1 1
Très accessible à pied
80/100
Exceptionnellement adapté aux voitures
100/100
Bons transports en commun
60/100
Plutôt accessible en vélo
50/100
Impôts fonciers
| Numéro de lot | 008-690-005 | Évaluation des bâtiments | 10 714 452 $ CAD |
| Évaluation du terrain | 2 620 359 $ CAD | Évaluation totale | 13 334 811 $ CAD |
Impôts fonciers
Numéro de lot
008-690-005
Évaluation du terrain
2 620 359 $ CAD
Évaluation des bâtiments
10 714 452 $ CAD
Évaluation totale
13 334 811 $ CAD
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Theatre Square | 140 2nd St
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