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Office Medical

864-868 2nd Street

864 2nd St, Santa Rosa, CA 95404

Listing Price: $1,750,000

Cap Rate
1.40%
Gross SF
6,184
Rentable SF
6,184
Price/Gross SF
$282.99
Occupancy
33.0%
Year Built
1978
Lot Size
0.86 acres

Investment Overview

The subject property presents an owner-user opportunity on a two-building, +/-37,500 SF parcel in Santa Rosa. The seller, a dentist, is retiring and will vacate the 2,100 SF main building upon sale, making it available for occupancy by a dental or medical buyer. The building features existing dental plumbing and is in excellent
condition. The two co-tenants will remain in place, with their rental income available to offset debt service and operating expenses. The second building, approximately 4,000 SF, provides additional income potential or expansion space. Dedicated parking is provided for both buildings.

The property is also well suited to an arms-length, value-add investment strategy, combining lease-up of the vacating main building with the existing co-tenant income and further upside potential from the second building.

Investment Highlights

  • Ideal Dentist Owner-User or Value Add Opportunity
  • Ample Onsite Parking
  • Medical Office Investment Opportunity

Exclusively Listed By

Office Medical

864-868 2nd Street

Listing Price: $1,750,000

Cap Rate
1.40%
Gross SF
6,184
Rentable SF
6,184
Price/Gross SF
$282.99
Occupancy
33.0%
Year Built
1978
Lot Size
0.86 acres

Investment Highlights

  • Ideal Dentist Owner-User or Value Add Opportunity
  • Ample Onsite Parking
  • Medical Office Investment Opportunity

Investment Overview

The subject property presents an owner-user opportunity on a two-building, +/-37,500 SF parcel in Santa Rosa. The seller, a dentist, is retiring and will vacate the 2,100 SF main building upon sale, making it available for occupancy by a dental or medical buyer. The building features existing dental plumbing and is in excellent condition. The two co-tenants will remain in place, with their rental income available to offset debt service and operating expenses. The second building, approximately 4,000 SF, provides additional income potential or expansion space. Dedicated parking is provided for both buildings. The property is also well suited to an arms-length, value-add investment strategy, combining lease-up of the vacating main building with the existing co-tenant income and further upside potential from the second building.

Exclusively Listed By

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