For Sale: Retail/Office Investment in Historic Railroad Square Back on Market

Transcription

1 Keegan & Coppin REAL ESTATE KEEGAN & COPPIN COMPANY, INC. Commercial Real Estate Services For Sale: Retail/Office Investment in Historic Railroad Square Back on Market 111 4th Street, Santa Rosa, CA 11,070± sf Building (Built 1907) 2 Story (Retail Ground/Office 2nd Level) Zoned TV-M-H (Transit Village Mixed-Use Historical) Heart Old Town Historic Railroad Square SMART Station Opening 2016 Entire Building Recently Upgraded (Roof, Skylights, HVAC, Electrical, etc.) 3 On-Site Parking Spaces in Rear 5.11% Cap Rate For SMART Information Visit: Sale Price: $4,300,000 ($ psf) Vicinity Map An interested party should verify the status of the property and the information herein. Maps provided by Google Inc. & Microsoft Corp., respectively.

2 First Floor Plan Demographics 1 Mile 3 Mile 5 Mile Population 22, , ,181 Avg. HH Income $60,733 $73,138 $79,908 Avg. Age

3 Mezzanine Floor Plan

4 Second Floor Plan

5 Front Elevation Rear Elevation Legendary Beads Entry Jack & Tony s Dining Room Jack & Tony s Bar

6 Upstairs Office Upstairs Office Upstairs Office Upstairs Office Upstairs Office Street View

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9 KEEGAN & COPPIN COMPANY, INC. COMMERCIAL REAL ESTATE SALE Primary Type: Retail/Office Mixed Use Price: $4,300,000 Subcategory: Size in s.f. 12,195 Agent: Thomas Laugero Cap Rate: 5.11% 1355 North Dutton Avenue (707) Richard Shultze KOR Commercial Lot Size in Acres: Zoning: 0.158Acres (6,882sf) TV-M-H (Transit Village- Mixed Use Historical) Property Address: th Street, Santa Rosa, CA Zip: (APN: ) Property Description: th Street is a 2 story brick building built in 1907 & is in the heart of the Historic Old Town Santa Rosa known as Rail Road Square. Great central Rail Road Square location with great foot traffic & some of the city s best restaurants & retail boutique shopping. Total Annual Adjusted Gross Income: (see detail, back page) Total Annual Projected Operating Expense: (see detail, back page) $289,416 ($)69,460($0.51 psf) Total Annual Net Operating Income: $220,016 The above information, while not guaranteed, has been secured from sources we believe to be reliable. Subject to error, change or withdrawal.

10 KEEGAN & COPPIN COMPANY, INC. INCOME & EXPENSE SUMMARY PROPERTY TYPE: Lease Type: NNN TENANT AREA SF RENT PSF MONTHLY RENT LEASE PERIOD Upper Floor (Office). TAXES INS. COM. AREA T=Tenant / O = Owner RENT ESC. EXT. OPTION JMH 1,196 $1.88 $2,250 3/14/08 to 12/31/18 Attorney 2,407 $1.80 $4,338 2/24/14 to 2/28/17 Maconi 596 $1.75 $1,046 8/15/14 to 8/31/19 LaFontaine 726 $2.06 $1,500 9/11/13 to 8/31/18 Ground Floor (Retail) Jack and Tonys 5,104 $2.75 $11,484 (2) 1/1/08 to 12/31/18 Legendary Beads 2,166 $1.61 $3,500 3/1/14 to 2/28/19 O O O 3% / Yr 5 Yr TBD O O O 3% / Yr 3 $4,603/Mo with 3% increases/yr O (1) O O 3% / Yr 6 mo rent TBD O (1) O O CPI 5 $1,800/Mo with CPI increases O (1) O O 2.5% / Yr 1-5 yrs TBD O (1) O O CPI vs 3% TOTAL 12,195 $24,118 1.) TT responsible for increase in taxes not due to sale. 2.) Inclused TIA of $489/Mo. Until 12/31/18 & NNN charges of $2163/Mo. Fixed. Total Annual Scheduled Gross Income: $289,416 Expenses: Taxes $ 46,000 (Prop 13) Insurance $5,200 Utilities $6,000 Maintenance $1,200 Janitorial $2,400 Management 3% of Gross $8,600 Total Annual Projected Operating Expenses: Net Operating Income: $69,400 (0.52 PSF) $221,016 The above information, while not guaranteed, has been secured from sources we believe to be reliable. Subject to error, change or withdrawal.