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2901 Cleveland Avenue

Santa Rosa, CA 95403
  • $3,200,000
  • STATUS: Closed
  • ON SITE: 598 Days
  • ID#: 322101812
Sold - 01/02/2024
$3,200,000
SOLD - 01/02/2024
  • 0
    BEDS
  • 0.74
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 15,020
    SQFT
  • $0
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2006
County:

School Ratings & Info

Description

Owner financing available on this exceptional opportunity to acquire a fully leased multi-tenant professional-grade office building in excellent condition, with the added benefit of owner financing. This meticulously maintained property offers a blend of newer and long-term tenants, making it an ideal investment for those seeking a low-maintenance asset with reliable income. Constructed in 2006, this 16-year-old building has been thoughtfully designed and carefully preserved. The new owner can rest assured knowing that costly upgrades are unnecessary, as the property is equipped with essential features such as an elevator, fire sprinklers, and ample onsite parking. With staggered lease expiration dates, this high-quality building ensures a steady and consistent cash flow, providing a secure long-term investment opportunity. At an approximate cap rate of 5.44%, this property offers attractive returns and peace of mind. Situated in a prime location near Coddingtown, public transportation, Highway 101, and a variety of local businesses, this property benefits from excellent accessibility and proximity to amenities. This sought-after location enhances the appeal and potential of this exceptional investment opportunity.

Sold by Jennifer Peschken of HomeSmart Advantage Realty.

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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: 2024-07-19T15:57:19.677.
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2901 Cleveland Avenue Santa Rosa, CA 95403

  • Price: $3,200,000
  • Status: Closed
  • On Site: 598 Days
  • Updated: 40 min ago
  • ID#: 322101812
0
Beds
0
Baths
0
½ Baths
0.74
Acres
15,020
SQFT
$0
$/SQFT
2006
Built
Neighborhood:
Santa Rosa-Northwest
County:
Sonoma
Area:
Santa Rosa-Northwest
Property Description
Owner financing available on this exceptional opportunity to acquire a fully leased multi-tenant professional-grade office building in excellent condition, with the added benefit of owner financing. This meticulously maintained property offers a blend of newer and long-term tenants, making it an ideal investment for those seeking a low-maintenance asset with reliable income. Constructed in 2006, this 16-year-old building has been thoughtfully designed and carefully preserved. The new owner can rest assured knowing that costly upgrades are unnecessary, as the property is equipped with essential features such as an elevator, fire sprinklers, and ample onsite parking. With staggered lease expiration dates, this high-quality building ensures a steady and consistent cash flow, providing a secure long-term investment opportunity. At an approximate cap rate of 5.44%, this property offers attractive returns and peace of mind. Situated in a prime location near Coddingtown, public transportation, Highway 101, and a variety of local businesses, this property benefits from excellent accessibility and proximity to amenities. This sought-after location enhances the appeal and potential of this exceptional investment opportunity.
Exterior Features

Construction Materials Stucco Lot Features Landscape FrontLandscape MiscStreet Lights Parking Total 0 Road Frontage Type City Street

Interior Features

Cooling Central Floor 0 Flooring CarpetOther Heating Central

Property Features

Auction No Building Features Elevator(s)Extra StorageKitchen FacilitiesLandscapingPatioOther Buyer Financing SellerFinancing Current Use Office Dock Doors 0 Industrial Sq Ft 0 Lease Deposit 0 Lease Type Net Leased 99.99 Load Factor 0 Office Sq Ft 0 Percent Office 0 Property Condition Exterior-ExcellentInterior-Very Good Property Sub Type Office Property Type CommercialSale Retail Sq Ft 0 Warehouse Sq Ft 0

Listing information © 2024 Bay Area Real Estate Information Services. Listing courtesy of Matthew R Martinez of Diamond Real Estate Group: .


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: 2024-07-19T15:57:19.677.
 
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500 Bicentennial Way Ste. 310
Santa Rosa CA, 95403