421 S Cloverdale Blvd - Freestanding FOR SALE


Cloverdale, CA 95425
$2,625,000 USD
707-888-3053
421 S Cloverdale Blvd, Cloverdale, CA for Sale
$2,625,000 USD
Freestanding - FOR SALE
1/7
null | 7.11% Cap Rate

421 S Cloverdale Blvd
Cloverdale, CA 95425


HIGHLIGHTS

  • Tenant leases are Triple Net with Annual Increases & Expense Pass-throughs
  • Both En-Suite and Common Area Restrooms
  • North Parking Lot was recently slurry sealed
  • Building is professionally managed and maintained
  • Adjacent Retail Pad is also offered for sale

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,625,000 USD

PRICE/SF

$241 USD /SF

CAP RATE

7.11%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Multi-Tenant Leased Retail Investment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,719 SF

ZONING

CG

APN/PARCEL ID

001-071-031

ASK ABOUT THIS PROPERTY

Marshall KellyKeegan & Coppin Inc.More Info
707-888-3053

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

Marshall KellyKeegan & Coppin Inc.More Info
707-888-3053

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