Listed by HL Commercial Real Estate
$1,295,000
825 College Avenue
Details
APN 180-790-016
Property Type Office
Sub Type Creative Office, Medical Office
Square Footage 4,297
Net Rentable (SqFt) 4,297
Units 14
Cap Rate 6.40%
NOI $82,838
Occupancy 89%
Tenancy Multi
Lease Type Modified
Rent Bumps Yes
Pro-Forma Cap Rate 7.75%
Pro-Forma NOI $100,339
Price per SqFt $301
Year Built 1922
Buildings 2
Stories 2
Lot Size (SqFt) 12,780
Zoning L-O-P-PD
Parking Spaces 14 spaces
Parking Per SqFt 3.26
Investment Type Stabilized
7.75% Pro Forma Cap Rate | Multi-Tenant Office Investment | Owner-User Opportunity
Marketing description
825 College Avenue is a charming two-story office building located just minutes from Downtown Santa Rosa and Santa Rosa Junior College. Built in 1922,
the building blends historic character with modern functionality, offering a unique and welcoming environment for professionals.
The property is fully leased, primarily by long-term tenants in the therapy and counseling fields, creating a quiet and professional atmosphere. The building
features a shared reception area and two common kitchenettes, one on each floor, for tenant convenience. Three restrooms are available, including two
ADA-compliant restrooms located on the ground floor.
Tenants enjoy access to multiple balconies and patios off their suites, as well as a spacious private parking lot in the rear of the property. The building is
equipped with rooftop solar, helping to offset energy use and reduce operating costs.
This professionally maintained property offers a comfortable and functional setting for office users in a highly accessible location with a steady tenant base
and excellent proximity to Highway 101 and key city destinations.
Investment highlights
- Beautiful Interior Design
- Corner Location
- Private Parking Lot
- Solar Equipped
- Professionally Managed
Listing Contacts
Listed by HL Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$82,838.00
$6,903.17/mo
Valuation Metrics
0
DSCR
6.4%
Cap Rate
6.4%
ROI
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