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29565281
29565283

418 Aviation Blvd, Santa Rosa, CA 95403 For Sale

SH
CA CA 02158135
NAI Northern California
JK
CA 01277022
NAI Northern California
Listed by NAI Northern California
$1,850,000
168 days on market
Updated 8 days ago

418 Aviation Blvd

Details
Property Type Office
Sub Type Medical Office
Square Footage 6,592
Net Rentable (SqFt) 6,592
Units 5
Cap Rate 9.04%
NOI $167,305
Occupancy 85%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 9.55%
Pro-Forma NOI $176,658
Price per SqFt $281
Class B
Year Built 1991
Stories 2
Acreage 0.100
Zoning MP2

Office | 9.04% CAP | 6,592 SqFt

Marketing description

This property is a ±6,592 SF multi-tenant office/medical building on ±0.10 acres, strategically located in the Airport Business Center within the Santa Rosa submarket. This well-positioned asset offers both stabilized income and significant lease-up potential, with current occupancy at 85% with ~1,500 sf available. Built in 1991, the property features flexible suite configurations, a strong parking ratio of 6.0/1,000 SF, and a professional environment suitable for a wide range of tenants. Recent leasing activity in the submarket supports competitive asking rents of $24.60–$36.00/SF MG, creating value-add opportunities for investors or a potential owner-user.

Investment highlights

  • Premier Office & Medical Opportunity: Class A/B office building totaling approximately 6,592 SF with multiple spaces available for lease or sale opportunity, ideal for professional services, medical, dental, or general office users.

  • Strategic Location in Airport Business Center: Situated in the Outer Santa Rosa / Mark West submarket, offering proximity to Charles M. Schulz-Sonoma County Airport, local amenities, and strong business traffic.

  • Attractive Setting & Amenities: Professional garden setting with oak grove landscaping, outdoor picnic areas, and pleasant views of lush grounds and scenic water features.

  • Parking & Accessibility: Surface parking with a ratio of approximately 6 spaces per 1,000 SF, supporting tenant and visitor convenience.

  • Built for Long-Term Success: Constructed in 1991, this well-maintained office property is positioned for continued occupancy and operational stability, with potential for future ownership value enhancement.

Listing Contacts

SH
CA CA 02158135
NAI Northern California
JK
CA 01277022
NAI Northern California
Listed by NAI Northern California

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$167,305.00
$13,942.08/mo

Valuation Metrics

0
DSCR
9.04%
Cap Rate
9.04%
ROI

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Additional Information

Name
Seth Hubbert
License
CA 02158135
Brokerage
NAI Northern California
Brokerage Phone
5103364712
Title
Real Estate Salesperson
Brokerage Address
1 Embarcadero Center
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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