191 Lynch Creek Way - Medical FOR SALE


Petaluma, CA 94954
$2,350,000 USD
707-636-0146
191 Lynch Creek Way, Petaluma, CA for Sale
$2,350,000 USD
Medical - FOR SALE
1/7
null | Request Cap Rate

191 Lynch Creek Way
Petaluma, CA 94954


OVERVIEW

191 Lynch Creek Way is an approximate 11,292 square foot, two story (elevator served) professional office/medical building. Built in 1990 and most recently upgraded within the last three years. Notable improvements include a new roof that was installed in 2019 (20-year transferable warranty included) by Henris Roofing of Petaluma. Four new HVAC units were installed in 2020 and the remaining units were upgraded with new components and remounted when the roof was replaced. Flooring throughout was replaced in 2018 (mostly wood laminate in offices). New ADA compliant exterior doors and key coded restroom locks in 2022. The building is configurated with three suites on the second floor and four suites on the first floor coupled with separate Men’s and Women’s restroom cores on each floor. Opportunity for an owner/user would be able to utilize up to 75% of the building for their own business and offset expenses with income provided by existing tenants. The majority of tenant leases are MTM with rents 40-50% below market rents. Active value add investors will recognize that the existing rents are well below market and raise rents to meet local averages for solid returns or convert vacancies to pure Medical which could create compelling returns.

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$208 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Professional Ofc/Med. Ofc Bldg-Owner/User

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

BP

APN/PARCEL ID

007-380-029

ASK ABOUT THIS PROPERTY

Mike ThomasonKeegan & Coppin Company, Inc.More Info
707-636-0146

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Mike ThomasonKeegan & Coppin Company, Inc.More Info
707-636-0146

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.