Sold

2901 Cleveland Ave

Santa Rosa CA, 95403

$3,200,000


$213.05 per sqft

Sold

15,020 sqft

Commercial

Built in 2006

Owner financing available on this exceptional opportunity to acquire a fully leased multi-tenant professional-grade office building in excellent condition, with the added benefit of owner financing. This meticulously maintained property offers a blend of newer and long-term tenants, making it an ideal investment for those seeking a low-maintenance asset with reliable income. Constructed in 2006, this 16-year-old building has been thoughtfully designed and carefully preserved. The new owner can rest assured knowing that costly upgrades are unnecessary, as the property is equipped with essential features such as an elevator, fire sprinklers, and ample onsite parking. With staggered lease expiration dates, this high-quality building ensures a steady and consistent cash flow, providing a secure long-term investment opportunity. At an approximate cap rate of 5.44%, this property offers attractive returns and peace of mind. Situated in a prime location near Coddingtown, public transportation, Highway 101, and a variety of local businesses, this property benefits from excellent accessibility and proximity to amenities. This sought-after location enhances the appeal and potential of this exceptional investment opportunity.

322101812

MLS ID

February 16, 2024

Updated

Map

2901 Cleveland Ave
Santa Rosa CA, 95403

Interior Features

Total Stories

2


Floor Description

Carpet, Other


Fireplace

No


Cooling

Yes


Cooling Description

Central


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.74 Acres


Exterior Features

Landscape Front, Landscape Misc, Street Lights


Lot Features

Landscape Front, Landscape Misc, Street Lights

Other Property Details

Area Name

Santa Rosa-Northwest


Garage

No


Parking Total

0


View

No


County

Sonoma


Pool

No


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

1/3/2024

Sold

$3,200,000

9/25/2023

Under Contract

Bought with Jennifer Peschken with HomeSmart Advantage Realty and Listed by Matthew R Martinez with Diamond Real Estate Group

Listing Contact:  

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Continuum Real Estate | CA DRE# 01269956 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Bay Area Real Estate Information Services, Inc. all rights reserved.

 

Powered byLuxury Presence