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29057316
29057317

967 Broadway, Sonoma, CA 95476 For Sale

QC
02074286
Marcus & Millichap - San Francisco
MM
License CA 0022124
Marcus & Millichap - San Francisco
Listed by Marcus & Millichap - San Francisco
$985,000
199 days on market
Updated 52 days ago

967 Broadway - Single Tenant Office

Details
Property Type Office
Sub Type Traditional Office, Creative Office
Square Footage 4,917
Net Rentable (SqFt) 4,917
Units 1
Tenancy Single
Pro-Forma Cap Rate 11.98%
Pro-Forma NOI $118,009
Price per SqFt $200
Class C
Year Built 1963
Year Renovated 2005
Buildings 1
Stories 1
Acreage 0.380
Parking Spaces 16 spaces
Parking per 1,000 SqFt 3.25
Investment Type Owner/User
Ownership Fee Simple

Single Tenant Owner-User Office Building

Marketing description

967 Broadway Street is a single-story office/commercial property located on one of the three most traveled arterials, and the gateway to Sonoma Plaza in the heart of the Town of Sonoma.

The subject property is currently occupied; however, it will be delivered vacant at the close of escrow to accommodate an owner-user investor. Originally constructed in 1963, the property underwent a comprehensive refurbishment in 2005.

The improvements total approximately 4,917 square feet of gross building area on a parcel of 16,410 square feet. The interiors are contemporary, with the attractive lobby/reception area leading to a very large open office area with soaring ceilings and unique, attractive structural elements supporting the vaulted roof at this area. The perimeter of the building comprises private offices and supporting spaces such as copy and storage rooms. There are multiple ADA compliant restrooms. There is ample on-site parking for employees and visitors.

For the owner-user, purchasing 967 Broadway Street using SBA-504 debt with only 10% down allows an office, general commercial or other user to lower occupancy costs than leasing comparable office or general commercial space in the Town of Sonoma submarket.

Listing Contacts

QC
02074286
Marcus & Millichap - San Francisco
MM
License CA 0022124
Marcus & Millichap - San Francisco
Listed by Marcus & Millichap - San Francisco

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