3201 Cleveland Ave, Santa Rosa, CA 95403
46,000 SF | 100% Leased | Retail Building | Santa Rosa, CA 95403 | $7,750,000 ($168/SF) | 6.40% Cap Rate
For Sale
Active
Asking Price $7,750,000
- Property Type
-
Retail
- Square Feet
- 46,000 SF
- Price / Square Foot
- $168
Listing Contacts
Rhonda Deringer
Sara Wann
Property 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
• 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
Property Details
- Class
- B
- Year Built/Renovated
- 1967/1990
- Stories
- 2
- Property Subtype
- Storefront Retail/Office, Freestanding
- Lot Size (sq. ft)
- 72,310 SF
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
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