3201 Cleveland Ave - Storefront Retail/Office FOR SALE


Santa Rosa, CA 95403
$6,900,000 USD
707-528-1400
3201 Cleveland Ave, Santa Rosa, CA for Sale
$6,900,000 USD
Storefront Retail/Office - FOR SALE
1/50
null | Request Cap Rate

3201 Cleveland Ave
Santa Rosa, CA 95403


HIGHLIGHTS

  • Pride of Ownership Property & Well Maintained
  • Value Add Opportunity - Potential to Lease Vacancies & Shell Spaces & Increase Income
  • Secure Cash Flow
  • Diverse & Strong Tenant Mix
  • Appealing Tenant Improvements
  • Premier Bath & Kitchen (PBK), a Division of PACE Supply, Anchors the Largest NNN Lease, Demonstrating Substantial Investment in Tenant Improvements

OVERVIEW

This recently renovated, state-of-the-art commercial property offers a unique blend of highly visible retail spaces and professional office suites. The first floor houses three esteemed long term anchor tenants while the second floor (elevator and stairway access) is made up primarily of recently updated small office suites, common kitchen, restrooms, conference rooms and lobby. Additional opportunity for value-add for the unfinished second-floor retail/office/flex spaces. • Prominent Two-Story Commercial Retail/Office Building with direct visibility from Highway 101 • Building Size is approximately 46,000+/- rentable square feet (44,580+/- SF per County records). • Parcel size is 72,309+/- square feet/1.66+/- acres. • Built in 1967+/- & 1979 (County records) - Expanded and remodeled buildings in the 1990’s and in 2019 due to the fires, which affected a portion of the building. • Recent capital improvements include – roof TPO overlay (2018 & 2019), painted exterior of building (2023), exterior ADA upgrades, elevator upgrades, and 1st floor remodel in PBK (2020-2021), and 2nd floor office remodel and décor (2020-2021). The building has fire sprinklers throughout. • Concrete block construction with floor to ceiling storefront windows on both the first and second floors. Steel framing at the front portion of the building. • Approximately 67% of the building is leased to approximately 15 Tenants. • The retail leases on the first floor are a mix of NNN and modified gross and the office leases on the second floor are modified full service. • Located on one of the main corridors in Santa Rosa

FOR SALE DETAILS

PRICE

$6,900,000 USD

PRICE/SF

$150 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Multi-Tenant - Retail & Office Investment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1967

SPRINKLERS

-

PARKING SPACES

70

LAND DETAILS

LAND ACRES

1.66 AC

LAND SF

72,310 SF

ZONING

CITYSR

APN/PARCEL ID

015-700-012

ASK ABOUT THIS PROPERTY

Rhonda DeringerKeegan & Coppin Company, Inc.More Info
707-528-1400

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Rhonda DeringerKeegan & Coppin Company, Inc.More Info
707-528-1400

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