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Multi-Tenant Leased Retail Investment 421 S Cloverdale Blvd 10,896 SF 48% Leased Retail Building Cloverdale, CA 95425 $2,625,000 ($240.91/SF) 7.11% Cap Rate
INVESTMENT HIGHLIGHTS
- Tenant leases are Triple Net with Annual Increases & Expense Pass-throughs
- North Parking Lot was recently slurry sealed
- Adjacent Retail Pad is also offered for sale
- Both En-Suite and Common Area Restrooms
- Building is professionally managed and maintained
EXECUTIVE SUMMARY
Keegan & Coppin, Company is pleased to present an opportunity to acquire this quality downtown retail investment property in the highly desirable Sonoma County Wine Region. Located in central Cloverdale and near several new developments, this multi-tenant property is nearby many restaurants, cafes, and boutique shopping stores. Originally constructed in 1958 as a grocery store, the property was architecturally redesigned and professionally renovated in 2005 to feature eight (8) new tenant spaces. Four of these spaces are presently leased to three tenants, two of whom have brand new ten (10) year lease terms. The property is abundantly parked at four (4) spaces per 1,000 sq ft of building area and fronts Cloverdale Boulevard giving all tenants excellent street exposure and signage visibility.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,896 SF
Building Class
B
Year Built/Renovated
1958/2005
Price
$2,625,000
Price Per SF
$240.91
Cap Rate
7.11%
NOI
$186,606
Percent Leased
48%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
0.82 AC
Zoning
CG - General Commercial
Frontage
426’ on S Cloverdale Blvd
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Has restaurant kitchen infrastructure.
"Gray shell" condition. Requires building out shell improvements.
"Gray shell" condition. Requires building out shell improvements.
| Space | Size | Space Use | Position | Available |
| A | 1,665 SF | Office/Retail | - | Now |
| D | 824 SF | Retail | End Cap | Now |
| E | 1,720 SF | Retail | End Cap | Now |
| F | 1,509 SF | Retail | In-Line | Now |
A
| Size |
| 1,665 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
D
| Size |
| 824 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
E
| Size |
| 1,720 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
F
| Size |
| 1,509 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
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STREET VIEW
STREET
MAP
A
| Size | 1,665 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
Has restaurant kitchen infrastructure.
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STREET
MAP
D
| Size | 824 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
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E
| Size | 1,720 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
"Gray shell" condition. Requires building out shell improvements.
1 of 1
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STREET VIEW
STREET
MAP
F
| Size | 1,509 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
"Gray shell" condition. Requires building out shell improvements.
Walk Score®
Very Walkable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 001-071-031 | Improvements Assessment | $819,943 |
| Land Assessment | $403,802 | Total Assessment | $1,223,745 |
PROPERTY TAXES
Parcel Number
001-071-031
Land Assessment
$403,802
Improvements Assessment
$819,943
Total Assessment
$1,223,745
1 of 8
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3D TOUR
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STREET VIEW
STREET
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Presented by
Multi-Tenant Leased Retail Investment | 421 S Cloverdale Blvd
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