Fantastic Investment Opportunity 1626 Piner Rd
4,130 SF Retail Building Santa Rosa, CA 95403 $1,995,000 ($483/SF) 7.22% Cap Rate
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EXECUTIVE SUMMARY
Fantastic investment opportunity in a prime Santa Rosa location! Established tenant with a 10 year, Triple Net Lease at $12,000/month and a 7.22% Cap Rate. Extensive renovations of over $600,000 in the past couple years, including: new electrical and 400 amp service, A/C throughout, new plumbing and drainage, water filtration system, new roof, appliances, and fully redone asphalt/concrete in the ADA compliant parking lot. Truly a turn-key investment!
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,130 SF
Building Class
B
Year Built
1980
Price
$1,995,000
Price Per SF
$483
Cap Rate
7.22%
NOI
$144,039
Tenancy
Single
Building Height
1 Story
Building FAR
0.41
Lot Size
0.23 AC
Zoning
IL
Parking
7 Spaces (1.69 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (78)
NEARBY MAJOR RETAILERS
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PROPERTY TAXES
Parcel Number | 015-053-051 | Improvements Assessment | $780,300 |
Land Assessment | $312,120 | Total Assessment | $1,092,420 |