1003-1005 Gravenstein Hwy N Sebastopol, CA 95472
Owner-User or Medical Conversion Opportunity | Sonoma County
Marketing description
INCREDIBLE LOCATION WITH GROWING AMENITY BASE
►IDEAL OFFICE LOCATION | Situated on Gravenstein Hwy, one of the City’s largest thoroughfares, the offering has excellent visibility and walkability to Sebastopol’s Downtown Historic District and The Barlow (a 250,000 SF retail center with over 40 culinary, wine and artisan businesses).
►RETAIL AND LIFESTYLE AMENITIES | Known for its affluent and educated population, Sebastopol provides its residents with incredible restaurants, tasting rooms, breweries and lifestyle amenities.
Investment highlights
Total: $16,629,000 ($199 PSF)
Building 1003: $8,314,500
Building 1005: $8,314,500
OWNER-USER OR MEDICAL CONVERSION OPPORTUNITY
►INDIVIDUAL OR PORTFOLIO | The project consists of two identical 41,781 square foot, 3-story office buildings in an office campus situated in a highly desirable Sonoma County/wine country location. The buildings can be purchased individually or as a portfolio, offering a variety of use profiles and acquisition strategies.
►HIGH-IMAGE OFFICE | As a result of their institutional quality ownership and management, the buildings have always been very well-manicured and maintained. The construction and improvements are some of the best in the market.
►MEDICAL CONVERSION | The zoning allows for medical by right, and healthcare has exploded throughout Sonoma County as the #1 industry / largest employment sector. With health systems already in the market like Kaiser, St. Joseph, Providence and Sutter, there are natural synergies for new medical to tap into. The growing population of Sebastopol with new rooftops immediately adjacent help enhance this option for owner-users and investors.
STRONG MARKET DYNAMICS WITH RESIDENTIAL GROWTH
►SMALL OFFICE MARKET | Located within a relatively small office market, these buildings offer the only true scale in the immediate area for owner-users.
►RESIDENTIAL GROWTH | 80 townhomes are currently under construction immediately adjacent to the property, which will spur future population growth and bolster the value and desirability of the subject property.
►LOW VACANCY | Despite its modest size, the office vacancy rate in Sebastopol is only 7% when the subject properties are excluded.
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