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Professional Ofc/Med. Ofc Bldg-Owner/User 191 Lynch Creek Way

11,292 SF 10% Leased Office Building Petaluma, CA 94954 £1,838,758 (£163/SF)

Executive Summary

191 Lynch Creek Way is an approximate 11,292 square foot, two story (elevator served) professional office/medical building. Built in 1990 and most recently upgraded within the last three years. Notable improvements include a new roof that was installed in 2019 (20-year transferable warranty included) by Henris Roofing of Petaluma. Four new HVAC units were installed in 2020 and the remaining units were upgraded with new components and remounted when the roof was replaced. Flooring throughout was replaced in 2018 (mostly wood laminate in offices). New ADA compliant exterior doors and key coded restroom locks in 2022. The building is configurated with three suites on the second floor and four suites on the first floor coupled with separate Men’s and Women’s restroom cores on each floor. Opportunity for an owner/user would be able to utilize up to 75% of the building for their own business and offset expenses with income provided by existing tenants. The majority of tenant leases are MTM with rents 40-50% below market rents. Active value add investors will recognize that the existing rents are well below market and raise rents to meet local averages for solid returns or convert vacancies to pure Medical which could create compelling returns.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
11,292 SF
Building Class
B
Year Built
1990
Price
£1,838,758
Price Per SF
£163
Percent Leased
10%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
5,646 SF
Slab to Slab
10 ft
Building FAR
0.43
Lot Size
0.60 AC
Zoning
BP - Medical Permitted
Parking
29 Spaces (2.57 Spaces per 1,000 SF Leased)

Amenities

  • Central Heating
  • Natural Light
  • Air Conditioning
Walk Score ®
Very Walkable (71)
Bike Score ®
Very Bikeable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
007-380-029
Land Assessment
£445,146
Improvements Assessment
£1,023,837
Total Assessment
£1,468,983
  • Listing ID: 27574721

  • Date on Market: 23/01/2023

  • Last Updated:

  • Address: 191 Lynch Creek Way, Petaluma, CA 94954

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