2208 Olivet Rd
Prime Ag Investment Opportunity
Marketing description
Discover an exceptional investment opportunity in the heart of Sonoma County with this expansive 12+ acre mixed-use agricultural property. 2208 Olivet Road is a 12.11 acre parcel that consists of 12 improvements totaling 85,000+/- square feet. The property is primarily leased to a nursery and farming headquarters company in picturesque Russian River Valley. This property offers a unique blend of ag related infrastructure with a residence, making it an ideal addition to your investment portfolio.
Investment highlights
Address: 2208 Olivet Road, Santa Rosa, CA 95401
Assessor Parcel # : 057-030-065
County: Sonoma
Zoning: LIA-Land Intensive Agriculture
AVA: Russian River
Parcel Size: 12.11
Water: Two On-Site Wells 87 GPM and 25 GPM with a Total of 15,000 Gallons Storage
Septic: Two On-Site Septic In-Ground Septic Systems
Improvements: Greenhouse(s) 65,755 Sq.Ft, 20,000+/- Sq.Ft. of Office/Shop/Mechanical/Mechanic/Warehouse Space, 3 bedroom 2 bathroom 2,100 Sq.Ft. Residence
Income Stability - The property boasts two long-term anchor tenants, each with 7-8 years remaining on their leases and a willingness to sign new 10-year agreements. Enjoy a robust 8.86% cap rate based on actual numbers, ensuring a steady income stream
Extensive Upgrades - Recently, over $300,000 has been invested in upgrades, enhancing the property's value and appeal.
Versatile Space - The property features approximately 20,000 sq.ft. of shops, offices, and warehouse space, complemented by over 65,000 sq.ft. of greenhouse space. This versatility allows for diverse business operations and potential expansion
Residential Comfort - A charming 3-bedroom, 2-bathroom residence provides additional rental income
Expansion Potential - With open ground available for further development, there is significant upside in rental income and property value.
Strong Financials - The property generates a Net Operating Income of $531,788, offering a solid foundation for growing your investment portfolio
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