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:
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