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1370 Redwood Way 13,440 SF 100% Leased Office Building Petaluma, CA 94954 $3,650,000 ($271.58/SF) 7.04% Cap Rate
INVESTMENT HIGHLIGHTS
- Individually Metered for PG&E
- Irrigation System
- Two (2) Grade Level Roll-Up Doors (12' x 12')
- Sprinklered for Fire Protection
- High Speed Data
- Several Recent Upgrades to Interior and Exterior of the Property
EXECUTIVE SUMMARY
Keegan & Coppin, Company is pleased to present for purchase this exceptional, multi-tenant investment in the highly desirable Sonoma County Wine Region. Located in Petaluma, California and in the prestigious Redwood Business Park, this property features a diverse variety of tenants including food service, fitness, office and warehouse. The building is designed to accommodate a range of small to medium size uses with suite sizes starting at approximately 1,200 square feet and with the ability to combine for larger uses.
The Property is 100% leased to four (4) tenants, one of which occupying two contiguous spaces. Many of the leases are under market allowing for significant upside upon renewals.
The Property is 100% leased to four (4) tenants, one of which occupying two contiguous spaces. Many of the leases are under market allowing for significant upside upon renewals.
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
13,440 SF
Building Class
B
Year Built
1991
Price
$3,650,000
Price Per SF
$271.58
Cap Rate
7.04%
NOI
$256,960
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
13,440 SF
Building FAR
1.06
Lot Size
0.29 AC
Zoning
PCD - Planned Community District
Parking
25 Spaces (2.8 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 137-250-002 | Improvements Assessment | $973,687 |
| Land Assessment | $294,664 | Total Assessment | $1,268,351 |
PROPERTY TAXES
Parcel Number
137-250-002
Land Assessment
$294,664
Improvements Assessment
$973,687
Total Assessment
$1,268,351
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1370 Redwood Way
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