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33358707
33358717

2 Locations

QC
02074286
Marcus & Millichap - San Francisco
Marcus & Millichap - San Francisco
Listed by Marcus & Millichap - San Francisco
$2,850,000
3 days on market
Updated 2 days ago
Opportunity zone

801 4th Street & 818 5th Street

Details
APN 009-054-031-000, 009-054-034-000
Property Type Office
Sub Type Traditional Office
Square Footage 9,500
Net Rentable (SqFt) 9,500
Units 35
Cap Rate 5.27%
Occupancy 53%
Tenancy Multi
Lease Type Net
Pro-Forma Cap Rate 7.44%
Price per SqFt $300
Year Built 1957
Buildings 1
Stories 2
Acreage 0.500
Zoning Core Mixed Use - Downtown Station Area
Parking Spaces 35 spaces
Parking Per SqFt 3.68
Investment Type Value Add
Tenant Credit Credit Rated

Office | 5.27% CAP | 9,500 SqFt

Marketing description

801 Fourth Street represents a rare opportunity to acquire a well-located, two-story office building in the heart of Downtown Santa Rosa, anchored by a newly extended lease with Columbia Bank on the entire ground floor. The property comprises approximately 9,500 square feet and includes an adjacent 8,700± square foot parking lot with approximately 35 on-site spaces, an exceptionally valuable amenity in the downtown core. The first floor contains approximately 5,050 rentable square feet, fully leased to Columbia Bank through September 30, 2030, with two additional three-year extension options that could extend occupancy through 2036.

The entire second floor, comprising approximately 4,450 square feet, is currently vacant and configured with multiple private offices, conference room, bullpen area, large kitchen, elevator access, and abundant natural light. This vacancy creates a compelling value-add opportunity for an investor to lease the space to an owner-user or traditional office tenant, thereby materially increasing net operating income and overall asset value.

Located at the prominent corner of Fourth and E Streets, just two blocks from Courthouse Square, the property benefits from excellent visibility, walkability, and direct access to Downtown Santa Rosa's restaurants, professional services, government offices, and retail amenities. The combination of secure in-place income, substantial upside through lease-up of the second floor, and a prime downtown location with abundant parking positions 801 Fourth Street as an attractive investment for private investors, family offices, and owner-users seeking both stability and appreciation potential.

Investment highlights

  • Ground floor fully leased to Columbia Bank through September 30, 2030, two additional three-year extension options
  • Columbia Bank is a publicly traded regional financial institution and one of the largest banks in the Pacific Northwest
  • Entire second floor of approximately 4,450 SF is vacant, potential to substantially increase NOI and value
  • 35 on-site parking spaces, rare amenity for a downtown Santa Rosa office building
  • Corner location on highly visible Fourth Street corridor

Listing Contacts

QC
02074286
Marcus & Millichap - San Francisco
Marcus & Millichap - San Francisco
Listed by Marcus & Millichap - San Francisco

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Additional Information

Name
Tony Solomon
License
01238010
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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