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2447 Summerfield Road

Santa Rosa, CA 95405
  • $12,667,650
  • STATUS: Active
  • ON SITE: 16 Days
  • ID#: 324050859
UPDATED: 112 min ago
$12,667,650
  • 0
    BEDS
  • 7.33
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 58,215
    SQFT
  • $218
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1960
County:

School Ratings & Info

Description

Truly rare opportunity to acquire a 58,215+/- sq. ft. housing facility approved for 51 beds plus 12 additional beds as emergency shelter. The property was originally developed as Warrick Hospital, which was ultimately taken over by Sutter Health. In January 2014, approximately 34,865+/- sq. ft. was approved to be converted from hospital'' use to transitional housing''; the facility opened under this format in 2016. Sutter still retains approximately 15,000+/- sq. ft. on the east side of this campus and has exercised an extension to stay for 5 more years, expiring September 15, 2029. Sutter's lease rate is $1/year, under a Gross lease, plus Sutter must pay its share of the common area expenses. Sutter has one additional 5-year extension available to it beyond September 15, 2029. If this option is exercised, the lease would be extended to September 15, 2034.

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Bay East ©2024. CCAR ©2024. bridgeMLS ©2024. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-07-15T21:57:45.127.
www.hiraethhomes.com/homes/152150496
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2447 Summerfield Road Santa Rosa, CA 95405

  • Price: $12,667,650
  • Status: Active
  • On Site: 16 Days
  • Updated: 112 min ago
  • ID#: 324050859
0
Beds
0
Baths
0
½ Baths
7.33
Acres
58,215
SQFT
$218
$/SQFT
1960
Built
Neighborhood:
Santa Rosa-Southeast
County:
Sonoma
Area:
Santa Rosa-Southeast
Property Description
Truly rare opportunity to acquire a 58,215+/- sq. ft. housing facility approved for 51 beds plus 12 additional beds as emergency shelter. The property was originally developed as Warrick Hospital, which was ultimately taken over by Sutter Health. In January 2014, approximately 34,865+/- sq. ft. was approved to be converted from hospital'' use to transitional housing''; the facility opened under this format in 2016. Sutter still retains approximately 15,000+/- sq. ft. on the east side of this campus and has exercised an extension to stay for 5 more years, expiring September 15, 2029. Sutter's lease rate is $1/year, under a Gross lease, plus Sutter must pay its share of the common area expenses. Sutter has one additional 5-year extension available to it beyond September 15, 2029. If this option is exercised, the lease would be extended to September 15, 2034.
Exterior Features

Construction Materials MasonryMetalSteelStuccoWood Foundation Details Slab Parking Features Common Area SharedLightedVisitor Parking Total 0 Walls Common Wall

Interior Features

Cooling Roof Package JointWall Unit(s) Floor 0 Flooring CarpetCombo of MaterialsConcreteTileVinyl Heating Roof Package Separate

Property Features

Auction No Building Features Cold StorageConference RoomDumpsterElevator(s)Hood SystemKitchen FacilitiesLandscapingLiving Area in BuildingLow-Flow Shower(s)Manager's OfficeOther Restroom FacilitiesPatioReception AreaRecreation FacilityRestroom(s)-PrivateRestroom(s)-PublicSprinkler System LandscapeWasher/Dryer Owned Business Type CommercialConvalescentEducation/SchoolMedicalNursery Current Use Mixed UseOther Dock Doors 0 Electric 400+ Amp Service Industrial Sq Ft 0 Lease Deposit 0 Lease Type Net Leased 0 Lessee Pays Access lease agreement in the Due Diligence folder. Lessor Pays Access lease agreement in the Due Diligence folder. Load Factor 0 Loading None Office Sq Ft 0 Percent Office 0 Property Condition Exterior-Good Property Sub Type Mixed Use Property Type CommercialSale Retail Sq Ft 0 Security Features Fire AlarmFire ExtinguisherFire Suppression SystemSecurity System OwnedSmoke Detector Sewer Public Sewer Utilities Cable ConnectedDSL AvailablePrimary Water MeterNatural Gas ConnectedSeparate Gas MeterTelephoneUnderground Utilities Warehouse Sq Ft 0 Water Source Meter on SitePublic

Listing information © 2024 Bay Area Real Estate Information Services. Listing courtesy of William Severi of North Bay Property Advisors: .


Bay East ©2024. CCAR ©2024. bridgeMLS ©2024. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-07-15T21:57:45.127.
 
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500 Bicentennial Way Ste. 310
Santa Rosa CA, 95403