Listed by Keegan & Coppin Co. Santa Rosa, Keegan & Coppin Co Larkspur
$1,420,815
1025 5th Street
Details
Property Type Office
Sub Type Traditional Office
Square Footage 3,597
NOI $82,946
Tenancy Multi
Price per SqFt $395
Year Built 1947
Buildings 2
Stories 2
Acreage 0.340
Zoning CBD
Parking Spaces 13 spaces
Parking per 1,000 SqFt 3.61
Investment Type Stabilized
1025 5th Street, Novato, CA 94945-2413
Marketing description
Commercial - multi-tenant office building located on one parcel downtown Novato. The building floor plan consists of 1-story and 2-story sections with multiple professional office suites. Currently there are multiple separate office suites of which are leased or owner occupied. Current leases are month-to-month. The current annual income is approximately $82,946. Please inquire for further income & expense details.
Located in downtown Novato just off Grant Avenue and Vallejo Ave.
Investment highlights
- 3,597+/- (per plans) total square footage of the building
- 15,000+/- sq. ft.; .34+/- acre total size of the parcel
- Separate 2-car garage building of 465+/- sq. ft.
- The building floor plan consists of 1-story and 2-story sections with multiple professional office suites. Currently there are multiple separate office suites of which are leased or owner occupied. Current leases are month-to-month. The current annual income is approximately $82,946. Please inquire for further income & expense details
- Commercial - multi-tenant office building located on one parcel downtown Novato
- Built in 1947/1949 & Recently Remodeled
- One meter for PG&E/water and separate HVAC units for each suite/office
- Solar Panels on the roof
- Ample on-site parking lot with concrete pavers - 13 spaces (incl. garage)
- Wood frame construction with wood shake exterior and composition roofing
- Zoned CBD - Downtown Core Business District. The neighboring properties are zoned office commercial and residential
- Located in downtown Novato just off Grant Avenue and Vallejo Ave
Listing Contacts
Listed by Keegan & Coppin Co. Santa Rosa, Keegan & Coppin Co Larkspur
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$82,946.00
$6,912.17/mo
Valuation Metrics
0
DSCR
5.84%
Cap Rate
5.84%
ROI
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