Say Dream Center Campus

CHAPTER 7 BANKRUPTCY OVERBID OPPORTUNITY
2447 Summerfield Rd, Santa Rosa, CA 95405
Truly rare opportunity to acquire a housing facility approved for 51 beds plus 12 additional beds as emergency shelter or other possible uses. The property was originally developed as Warrick Hospital, which was ultimately taken over by Sutter Health. In January 2014, approximately 34,865+/- sq. ft. was approved to be converted from “hospital” use to “transitional housing”; the facility opened under this format in 2016. Sutter still retains approximately 15,000+/- sq. ft. on the east side of this campus and has exercised an extension to stay for 5 more years, expiring September 15, 2029. Sutter’s lease rate is $1/year, under a Gross lease, plus Sutter must pay its share of the common area expenses. Sutter has one additional 5-year extension available to it beyond September 15, 2029. If this option is exercised, the lease would be extended to September 15, 2034.
The housing facility underwent an extensive renovation, which was completed in 2016. This included modifying the floor plan, all new cosmetics, and improving energy efficiencies. Slab-on-grade construction. The current floor plan offers an admin area, large meeting or conference room, approximately 22 bedrooms with toilets, 8 bedrooms with showers and toilets. Larger restrooms with shower stalls have been built in several areas. The floor plan offers lounges and meeting spaces scattered around the building. A full-scale commercial kitchen is in the northwest corner of the building, outfitted with a cold box, ovens, and stoves. The kitchen includes an adjacent dining room. The south end of the building includes a 3 bedroom/1 bath apartment unit with the ability to have a private entrance / access. Solar arrays are on 3 carports in the parking areas. The building is fully outfitted with fire suppression, city waste services, and 1,200 amps of electrical supply. The bedrooms and offices are conditioned with through-wall heat/AC units, while the common halls and counseling wing of the main building are conditioned with roof-mounted packaged units. There is an interior courtyard in the middle of this building. At the south end of the building is a secure garden area, which could remain a garden or become another secure courtyard. Rare combination of improvements ideal for many types of housing or care-related uses.
In addition to the main building on campus, there are 3 other structures:
- A metal storage building of approximately 1,500+/- sq. ft.;
- A 5,400+/- sq. ft. single-level counseling services building with a floor plan including admin, reception, and many private counseling
rooms; and finally,
- A concrete-block storage building of 1,750+/- sq. ft.
The Subject property includes a total of 7.33+/- acres across 3 parcels. The main parcel includes all the building improvements, and 2 parcels of common area for parking and ingress and egress. Not included in the sale, but participating in the common areas are approximately 10 medical office buildings that share and contribute to the common area costs.