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431-439 Rohnert Park Expy W
Rohnert Park, CA 94928

Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
18,076 SF
Building Class
B
Year Built
2003
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
2.64 AC
Zoning
CR- Regional Commercial
Parking
140 Spaces (7.75 Spaces per 1,000 SF Leased)
Frontage
3,500 FT on Rohnert Park Expressway W

About 431-439 Rohnert Park Expy W , Rohnert Park, CA 94928

Trophy Northern California Investment Opportunity | Sonoma County: The Pacific Plaza is located in Rohnert Park, California which is a city in west Sonoma County approximately 50-miles north of San Francisco. The Pacific Plaza is comprised of three multi-tenant outparcel pad buildings totaling 18,076 SF. Target Anchored Regional Shopping Center: The outparcel pad buildings are strategically located in front of Target at the signalized hard-corner of Rohnert Park Expressway West and Labath Avenue. Target is currently conducting an extensive remodel of this corporately owned store. Internet Resistant Tenant Roster | Food & Service Retailers: Ten of the Eleven Tenants sell perishable food and beverage items or provide services that are not conducive to internet transactions or susceptible to e-commerce risk. The Main Retail Corridor and Traffic Thoroughfare in the City: Rohnert Park Expressway is the main east-west traffic thoroughfare in the city connecting Sonoma State University to US Highway 101. Labath Avenue is one of two access points to the Graton Resort & Casino. Sonoma State University: is one of the fastest growing and most popular California State Universities. The 269-acre campus is home to the world-class Green Music Center and 9,408 undergraduate students. Graton Resort & Casino: is a 340,000 SF Indian casino and a $175 million, 200-room luxury hotel. The Federated Indians of Graton Rancheria recently announced plans for a 211,328 SF (200 room) expansion. Stable Cash Flow & Strong Income Growth: Nine of the Eleven Tenants that account for 78% of the total GLA and 84% of the Income have been in-place since 2003-2004 when the property was originally developed (+14 Years). Net Operating Income is anticipated to increase more than $192,659 (39%) over the expected hold period, creating a strong hedge against inflation, and improving year-over-year cash on cash returns. High Growth Trade Area: Multiple mixed-use residential development projects currently under-construction or in the planning process within the trade area. Sonoma Mountain Village: $1.0 billion, 200-acre mixed-use development on the former Agilent Campus. Stadium Area Master Plan: 29.8-acre mixed-use development site that can accommodate 715 residential units located west of Costco and east of Labath Avenue. Rohnert Crossing: 32-acre mixed-use City Center development on the former State Farm site. University Village: 1,400 residential unit mixed-use development located north of Sonoma State University. Convenient Regional and Local Access: The Pacific Plaza is located less than ¼ mile west of U.S. Highway 101. US 101 is the only north-south highway in the region connecting San Francisco to Northern California. Excellent 1031 Exchange Property: This is a well located, food and service-oriented retail asset with a strong tenant roster that provides stable cash flow from a diversified tenant base. Unencumbered Asset; The property will be delivered free and clear of existing debt. Limited Management Oversight Responsibility; Professional management will allow an investor to earn passive income and steady cash flow.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
143-391-044
Land Assessment
$3,216,605
Improvements Assessment
$5,521,840
Total Assessment
$8,738,445
  • Listing ID: 13026415

  • Date on Market: 6/28/2018

  • Last Updated:

  • Address: 431-439 Rohnert Park Expy W, Rohnert Park, CA 94928

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