5 UNIT COMMERCIAL BUILDING 1038 4th St 3,859 SF 100% Leased Office Building Santa Rosa, CA 95404 £618,240 (£160.21/SF) 5.71% Net Initial Yield
INVESTMENT HIGHLIGHTS
- 5 unit office/retail property
- Prime Location
- Zoned General Commercial
EXECUTIVE SUMMARY
Investing in 1038 4th Street presents a rare opportunity to own a prime 5-unit office building in the heart of Santa Rosa. With its strategic location, ample parking, and modern amenities, this property is not only poised for steady rental income but also offers significant potential for long-term appreciation. This property is zoned general commercial allowing for a multitude of development possibilities with this property. The strong demand for office/retail space in this vibrant area ensures a consistent tenant base, making it an ideal investment for both seasoned investors and those looking to expand their portfolio. Don’t miss out on this chance to secure a valuable asset in a growing market!
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
3,859 SF
Building Class
B
Year Built/Renovated
1962/2018
Price
£618,240
Price Per SF
£160.21
Net Initial Yield
5.71%
NOI
£35,302
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
1,929 SF
Slab to Slab
9 ft
Building FAR
0.68
Lot Size
0.13 AC
Zoning
CG General Commercial - Zoned CG (General Commercial)
Parking
9 Spaces (2.33 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Storage Space
- Natural Light
- Monument Signage
- Air Conditioning
- Balcony
1 of 1
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 009-092-005 | Improvements Assessment | £244,938 |
| Land Assessment | £166,210 | Total Assessment | £411,148 |
