Pritchard Building + 1417 Railroad | 1417 Railroad Ave
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Pritchard Building + 1417 Railroad 1417 Railroad Ave
9,907 SF 100% Leased Office Building Saint Helena, CA 94574 $8,900,000 ($898/SF) 3.44% Cap Rate
Investment Highlights
- Seismically Retrofitted
- Amazing Stone Construction
- Includes separate +/-1,000 SF building
- Equipped with Elevator
- High Profile Tenants
Executive Summary
Two Neighboring Buildings FOR SALE.
This perfect piece of St. Helena history is ideally located in the center of Napa Valley's commerce and activity and is available for the first time in nearly 30 years.
Built in 1906, The Pritchard Building stands as an iconic symbol of the city's architectural heritage and Napa Valley commerce. While originally built to serve as a feed store and ice company, the building is home to several upscale businesses serving local residents and visitors alike. The striking stone facade was built from stone quarried from the locally famed Glendale Ranch and stands today as a testament to the craftsmanship and quality of a different era.
Located just one block off Main Street, this building is positioned in the greater sphere of downtown influence. Proximate to many services, and situated near the primary highways, this commercial property offers exceptional convenience and ease of access for commuters and visitors alike.
Property Overview
Seismically retrofitted in 2001, the timeless asset boasts interiors that complement the exterior, featuring a large commercial elevator, higher ceilings, quality wainscoting, concrete floors downstairs, and wood floors upstairs. Each of the building's residents has updated and created their spaces to reflect the individual personality of their businesses.
In addition to the Pritchard Building, the sale includes the adjacent 1417 Railroad Avenue Building. This traditional craftsman-style cottage includes two private office spaces, a generous reception area, a kitchen, and a dedicated bathroom. The inclusion of this parcel expands the private off-street parking available for the tenants of both buildings.
The upscale tenants are Hourglass Wines, Dr. Duncan’s Dermatology, Hileman Optometry, One True Vine (aka-Hundred Acre), and Varrelman Financial Services. The leases are in place for another two to five years with serval spaces having an additional 3-year option. The consistent and dependable income stream presents a compelling investment opportunity.
This perfect piece of St. Helena history is ideally located in the center of Napa Valley's commerce and activity and is available for the first time in nearly 30 years.
Built in 1906, The Pritchard Building stands as an iconic symbol of the city's architectural heritage and Napa Valley commerce. While originally built to serve as a feed store and ice company, the building is home to several upscale businesses serving local residents and visitors alike. The striking stone facade was built from stone quarried from the locally famed Glendale Ranch and stands today as a testament to the craftsmanship and quality of a different era.
Located just one block off Main Street, this building is positioned in the greater sphere of downtown influence. Proximate to many services, and situated near the primary highways, this commercial property offers exceptional convenience and ease of access for commuters and visitors alike.
Property Overview
Seismically retrofitted in 2001, the timeless asset boasts interiors that complement the exterior, featuring a large commercial elevator, higher ceilings, quality wainscoting, concrete floors downstairs, and wood floors upstairs. Each of the building's residents has updated and created their spaces to reflect the individual personality of their businesses.
In addition to the Pritchard Building, the sale includes the adjacent 1417 Railroad Avenue Building. This traditional craftsman-style cottage includes two private office spaces, a generous reception area, a kitchen, and a dedicated bathroom. The inclusion of this parcel expands the private off-street parking available for the tenants of both buildings.
The upscale tenants are Hourglass Wines, Dr. Duncan’s Dermatology, Hileman Optometry, One True Vine (aka-Hundred Acre), and Varrelman Financial Services. The leases are in place for another two to five years with serval spaces having an additional 3-year option. The consistent and dependable income stream presents a compelling investment opportunity.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
9,907 SF
Building Class
B
Year Built/Renovated
1906/2001
Price
$8,900,000
Price Per SF
$898
Cap Rate
3.44%
NOI
$306,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,629 SF
Slab To Slab
11’
Building FAR
1.75
Land Acres
0.13 AC
Zoning
Central Business - https://www.codepublishing.com/CA/StHelena/#!/StHelena17/StHelena1748.html#17.48
Parking
1 Space (0.1 Spaces per 1,000 SF Leased)
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Walk Score ®
Very Walkable (81)
Bike Score ®
Biker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 009-211-018 | Improvements Assessment | $901,282 |
| Land Assessment | $50,887 | Total Assessment | $952,169 |
PROPERTY TAXES
Parcel Number
009-211-018
Land Assessment
$50,887
Improvements Assessment
$901,282
Total Assessment
$952,169
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Pritchard Building + 1417 Railroad | 1417 Railroad Ave
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