5300 Snyder Ln, Rohnert Park, CA 94928
8,352 SF | 100% Leased | Office Building | Rohnert Park, CA 94928 | $2,000,000 ($239/SF) | 8.72% Cap Rate
For Sale
Active
Asking Price $2,000,000
- Property Type
-
Office
- Square Feet
- 8,352 SF
- Price / Square Foot
- $239
Listing Contacts
Nick Abbott
William Severi
- Property Info
Property Overview
Collect income with add value component. Sutter Health has indicated they will not renew their lease, expiring in September 2025. Owner wants to get a deal done, nearly $400K price reduction. Current rents result in 8.7% cap rate. Tenants include Sutter Health, two dentists and an endodontist. All tenants have been in the building in excess of 10 years. Tenants are on gross leases with annual adjustments. Building is exceptionally maintained with recent ADA upgrades to the building entry, ADA parking /loading, ramp and decking. The building perimeter provides a private garden-like setting visible from each tenant’s panoramic window line. Truly unique and relaxing office environment is a favorite of doctors and patients alike. Pride of ownership, very well maintained. Property grosses about $20K per month with an annual NOI estimated to be $174K based on 2024 rent roll. Prime location situated on the hard corner of Snyder Lane and Rohnert Park Expressway. Located approximately 1.5 miles from US Hwy 101 and about 1 mile east of the proposed new Rohnert Park Downtown Development. Property includes nearly 14,000+/- Sq. Ft. excess land, providing potential future development opportunities on this strategic location.
Property Details
- Class
- C
- Year Built
- 1978
- Stories
- 1
- Property Subtype
- Medical
- Lot Size (sq. ft)
- 57,935 SF
Highlights
- 100% leased.
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