downtown office/medical complex · 2017. 7. 8. · downtown office/medical complex for sale/lease...
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![Page 1: Downtown Office/Medical Complex · 2017. 7. 8. · Downtown Office/Medical Complex For Sale/Lease 830 2nd Street | Santa Rosa | CA ONCOR INTERNATIONAL Commercial Real Estate Services](https://reader036.vdocuments.net/reader036/viewer/2022071105/5fdf7b51fc121304bd21cd07/html5/thumbnails/1.jpg)
Downtown Office / Medical ComplexFor Sale / Lease830 2nd Street | Santa Rosa | CA
O N C O R I N T E R N A T I O N A LCommercial Real Estate Services
KEEGAN & COPPIN COMPANY, INC.
The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.
Keegan & CoppinREAL ESTATE
Kevin Doran, Partner1355 N Dutton Ave., Santa Rosa, CA 95401
(707) 528-1400 • Fax: (707) 524-1419Lic #: 01704987
![Page 2: Downtown Office/Medical Complex · 2017. 7. 8. · Downtown Office/Medical Complex For Sale/Lease 830 2nd Street | Santa Rosa | CA ONCOR INTERNATIONAL Commercial Real Estate Services](https://reader036.vdocuments.net/reader036/viewer/2022071105/5fdf7b51fc121304bd21cd07/html5/thumbnails/2.jpg)
Downtown Office / Medical ComplexFor Sale / Lease830 2nd Street | Santa Rosa | CA
The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.
INVESTMENT HIGHLIGHTS
• Asking price - $1,200,000 Lease Rate: Negotiable
• 5,420± sf in two buildings:
• West Building - 2,720± sf for owner/user
• East Building - 2,720± sf fully leased
• West Building is former surgery center with operating rooms, recovery room & several medical offices
• East Building is leased to a cardiologist. The space has several medical offices with plumbing throughout, large reception and waiting area
• Great glass line throughout
• Large parking lot in rear
• Great Downtown / Central Santa Rosa location
• Building signange available
• Ideal for all types of office users
![Page 3: Downtown Office/Medical Complex · 2017. 7. 8. · Downtown Office/Medical Complex For Sale/Lease 830 2nd Street | Santa Rosa | CA ONCOR INTERNATIONAL Commercial Real Estate Services](https://reader036.vdocuments.net/reader036/viewer/2022071105/5fdf7b51fc121304bd21cd07/html5/thumbnails/3.jpg)
Downtown Office / Medical ComplexFor Sale / Lease830 2nd Street | Santa Rosa | CA
The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.
Demographics 1 Mile 3 Miles 5 MilesPopulation 19,271 146,632 200,774Average HH Income $68,324 $77,445 $83,064
PROPERTY DESCRIPTION:This Central / Downtown two building opportunity is a value add opportunity for an Owner/User or an Investor.
The property is situated on a large lot with ample parking.
A former medical campus with an accredited surgery center.
![Page 4: Downtown Office/Medical Complex · 2017. 7. 8. · Downtown Office/Medical Complex For Sale/Lease 830 2nd Street | Santa Rosa | CA ONCOR INTERNATIONAL Commercial Real Estate Services](https://reader036.vdocuments.net/reader036/viewer/2022071105/5fdf7b51fc121304bd21cd07/html5/thumbnails/4.jpg)
Downtown Office / Medical ComplexFor Sale / Lease830 2nd Street | Santa Rosa | CA
The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.
![Page 5: Downtown Office/Medical Complex · 2017. 7. 8. · Downtown Office/Medical Complex For Sale/Lease 830 2nd Street | Santa Rosa | CA ONCOR INTERNATIONAL Commercial Real Estate Services](https://reader036.vdocuments.net/reader036/viewer/2022071105/5fdf7b51fc121304bd21cd07/html5/thumbnails/5.jpg)
Downtown Office / Medical ComplexFor Sale / Lease830 2nd Street | Santa Rosa | CA
The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.
830 2nd StreetSanta Rosa, CA
![Page 6: Downtown Office/Medical Complex · 2017. 7. 8. · Downtown Office/Medical Complex For Sale/Lease 830 2nd Street | Santa Rosa | CA ONCOR INTERNATIONAL Commercial Real Estate Services](https://reader036.vdocuments.net/reader036/viewer/2022071105/5fdf7b51fc121304bd21cd07/html5/thumbnails/6.jpg)
Downtown Office / Medical ComplexFor Sale / Lease830 2nd Street | Santa Rosa | CA
The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.
OFFERING SUMMARY
OFFERING PRICE $1,200,000 ADDRESS 830 2nd StreetSanta Rosa, CASonoma County
SQUARE FOOTAGE 5,420± sf PROPERTY TYPE Office Building
PRICE PER SQ. FT. $221± LEASE TYPES Negotiable Gross Lease
LOT SIZE .4649± Acres / 20,250± sf TENANT MIX Medical
YEAR BUILT 1976 PROPERTY IMPROVE-MENTS Freestanding single-story office building
ANNUAL PROPERTY TAXES $7,240 RESTROOMS Several
PARKING On-site ample parking spaces
ZONING Meidcal Building / General Office
PARCEL NUMBER 009-063-006
![Page 7: Downtown Office/Medical Complex · 2017. 7. 8. · Downtown Office/Medical Complex For Sale/Lease 830 2nd Street | Santa Rosa | CA ONCOR INTERNATIONAL Commercial Real Estate Services](https://reader036.vdocuments.net/reader036/viewer/2022071105/5fdf7b51fc121304bd21cd07/html5/thumbnails/7.jpg)
Downtown Office / Medical ComplexFor Sale / Lease830 2nd Street | Santa Rosa | CA
The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.
Bay Area Map Sonoma County Map
Santa Rosa, CA
830 2nd StreetSanta Rosa, CA
![Page 8: Downtown Office/Medical Complex · 2017. 7. 8. · Downtown Office/Medical Complex For Sale/Lease 830 2nd Street | Santa Rosa | CA ONCOR INTERNATIONAL Commercial Real Estate Services](https://reader036.vdocuments.net/reader036/viewer/2022071105/5fdf7b51fc121304bd21cd07/html5/thumbnails/8.jpg)
Downtown Office / Medical ComplexFor Sale / Lease830 2nd Street | Santa Rosa | CA
The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.
PARCEL MAP
![Page 9: Downtown Office/Medical Complex · 2017. 7. 8. · Downtown Office/Medical Complex For Sale/Lease 830 2nd Street | Santa Rosa | CA ONCOR INTERNATIONAL Commercial Real Estate Services](https://reader036.vdocuments.net/reader036/viewer/2022071105/5fdf7b51fc121304bd21cd07/html5/thumbnails/9.jpg)
Downtown Office / Medical ComplexFor Sale / Lease830 2nd Street | Santa Rosa | CA
The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.
AddressSquare Footage
PricePrice/Sq.
Ft.Sale Date
1. 1175 West Steele Lane, Santa Rosa
4,080± sf $1,930,455 $473December
2015
2. 185 Sotoyome Street, Santa Rosa 3,933± sf $1,610,073 $409November
2015
3. 170 Sotoyome Street, Santa Rosa 3,538± sf $1,149,027 $325November
2015
4. 1120 Montgomery Drive, Santa Rosa
5,600± sf $1,675,000 $299September
2015
5. 525 College Avenue, Santa Rosa 8,700± sf $1,700,000 $195 June 2014
CLOSED SALES COMPARABLES
![Page 10: Downtown Office/Medical Complex · 2017. 7. 8. · Downtown Office/Medical Complex For Sale/Lease 830 2nd Street | Santa Rosa | CA ONCOR INTERNATIONAL Commercial Real Estate Services](https://reader036.vdocuments.net/reader036/viewer/2022071105/5fdf7b51fc121304bd21cd07/html5/thumbnails/10.jpg)
P
RO
PER
TY
:
L
ocat
ion:
Pr
ice
Pric
e/ps
f
S
ize:
C
ap R
ate
7.81
%
Des
crip
tion:
Cur
rent
Ren
tPr
ofor
ma
Ren
t
A
nnua
l NO
I$4
4,59
3$9
3,68
7
Ann
ual D
ebt S
ervi
ce($
58,5
08)
($58
,508
)
Site
:
Ann
ual C
ash
Flow
-$13
,915
$35,
179
Zon
ing:
C
ash
Flow
%-4
.64%
11.7
3%
Cur
rent
Ren
tPr
ojec
ted
Ren
t
S
ched
uled
Gro
ss In
com
e$4
4,59
3$9
6,58
4$1
7,81
3$1
7,81
3D
own
Paym
ent
$300
,000
L
ess V
acan
cy$0
3.0%
($2,
898)
A
nnua
l Adj
uste
d In
com
e$6
2,40
6$1
11,5
00L
oan
Am
ount
$900
,000
L
ess E
xpen
ses
-$17
,813
($17
,813
)
Ann
ual N
OI
$44,
593
$93,
687
Inte
rest
Rat
e4.
25%
L
ess A
nnua
l Deb
t Ser
vice
($58
,508
)($
58,5
08)
C
ash
Flow
-$13
,915
$35,
179
Am
ortiz
atio
n (Y
rs)
25
Cas
h Fl
ow %
-4.6
4%11
.73%
Deb
t Ser
vice
($58
,508
)
S
CH
EDU
LED
INC
OM
E
Ren
t/SF
Mon
thly
Ren
tL
ease
Exp
.R
ent/S
F
Tax
es$7
,240
$1.3
7$3
,716
.08
11/3
0/20
21$1
.37
$3,7
12.7
0
Insu
ranc
e$5
,353
$0.0
0$0
.00
$1.6
0$4
,336
.00
M
aint
enan
ce$0
.00
$0.0
0
Util
ities
$2,8
20$0
.00
$0.0
0
Com
mon
Are
a$0
.00
$0.0
0
Res
erve
s$0
.00
$0.0
0
Man
agem
ent
$0.0
0$0
.00
O
ther
$2,4
00
Tot
al:
$3,7
16.0
8$8
,048
.70
T
otal
Exp
ense
s$1
7,81
3
A
nnua
l Sch
edul
edA
nnua
l Pro
ject
ed
Ann
ual
Mon
thly
x 1
2$4
4,59
3M
onth
ly x
12
$96,
584
R
eim
burs
emen
ts$1
7,81
3
RE
MA
RK
S:
KEEG
AN &
CO
PPIN
CO
MPA
NY,
INC.
Onc
or In
tern
atio
nal
Com
mer
cial
Rea
l Est
ate
Serv
ices
Ann
ual E
xpen
ses
Loa
n D
ata
Cur
rent
and
Pro
ject
ed (P
)C
urre
nt L
ease
s
5,42
0
.464
9 A
cres
A
NN
UA
L O
PER
ATI
NG
DA
TA
830
2nd
Stre
et S
anta
Ros
a, C
A 9
5401
CO
MM
ER
CIA
L P
RO
PER
TY
INV
EST
ME
NT
830
2nd
Stre
et
Prof
orm
a C
ap R
ate
Prof
orm
a L
ease
s
$1,2
00,0
00$2
21.4
03.
72%
2,71
0L
esse
e
P
lus R
eim
burs
emen
t
Med
ical
Bui
ldin
g / G
ener
al O
ffice
Mon
thly
Ren
tA
ppro
x. S
F
Wes
t Bui
ldin
g is
form
er su
rger
y ce
nter
with
ope
ratin
g ro
oms,
reco
very
room
, & se
vera
l med
ical
offi
ces.
East
B
uild
ing
has s
ever
al m
edic
al o
ffice
s with
plu
mbi
ng
thro
ugho
ut, l
arge
libr
ary,
larg
e re
cept
ion,
& w
aitin
g ar
ea.
2,71
0
The
abov
e in
form
atio
n an
d pr
ojec
tion
is b
ased
on
data
pro
vide
d by
selle
r and
cer
tain
ass
umpt
ions
and
pro
ject
ions
abo
ut th
e fu
ture
.A
pro
spec
t sho
uld
verif
y in
form
atio
n an
d as
sum
ptio
ns to
det
erm
ine
appl
icab
ility
and
risk
.
5,42
0
![Page 11: Downtown Office/Medical Complex · 2017. 7. 8. · Downtown Office/Medical Complex For Sale/Lease 830 2nd Street | Santa Rosa | CA ONCOR INTERNATIONAL Commercial Real Estate Services](https://reader036.vdocuments.net/reader036/viewer/2022071105/5fdf7b51fc121304bd21cd07/html5/thumbnails/11.jpg)
Downtown Office / Medical ComplexFor Sale / Lease830 2nd Street | Santa Rosa | CA
O N C O R I N T E R N A T I O N A LCommercial Real Estate Services
KEEGAN & COPPIN COMPANY, INC.
The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.
Keegan & CoppinREAL ESTATE
Kevin Doran, Partner1355 N Dutton Ave., Santa Rosa, CA 95401
(707) 528-1400 • Fax: (707) 524-1419Lic #: 01704987
DISCLAIMER
This property is being offered on an as-is basis. While the Broker believes the information in this brochure to be accurate, no warranty or representation is made as to its accuracy or completeness. Interested parties should conduct independent investigations and reach conclusions without reliance on materials contained in this brochure.
This property owner requests that you do not disturb the Tenants, as the property will only be shown in coordination with the Listing Agent.
This brochure is presented under the terms and conditions of the Confidentiality Agreement. As such, the material contained in this brochure is confidential and is provided solely for the purpose of considering the purchase of the property described herein. Offers should be presented to the agent for the property owner, Kevin Doran of Keegan & Coppin Company, Inc. Prospective buyers are encouraged to provide buyer’s background, source of funds and any other information that would indicate their ability to complete the transaction smoothly.
CONTACT INFORMATION
Kevin Doran Partner
BRE #01704987(707) 528-1400 ext. 270
Email: [email protected]