Investment Overview

801 West Napa Street / 802 Studley Street is a unique opportunity for a value-add investor. The investment comprises an approximately 6,235-square-foot commercial property with frontage on West Napa Street and a single-family residence on the same parcel that fronts Studley Street, which is parallel to and directly behind W. Napa Street. DeWitt’s Tires leases the commercial portion of this investment under a long-term modified gross-type lease. The single-family residence is unoccupied. West Napa Street is one of the Town of Sonoma’s most heavily trafficked arterials providing excellent visibility for DeWitt’s Tire. Situated at the rear of the parcel, the single family residence fronting Studley Street, a quiet residential street dominated by high quality multi-family apartment buildings and single family residences. Value is added to this investment by subdividing the parcel in two, enabling the commercial and single family structures to be positioned on individual parcels. The single family residence may be leased out and held for cash flow along with the income from DeWitt’s, or sold off as a profit opportunity, reducing the basis in the DeWitt’s Tire portion by over 50%. Either path provides a very attractive value-add investment.