Fully Leased - 5.75% CAP
EXECUTIVE SUMMARY Keegan & Coppin is pleased to present the opportunity to acquire a premiere industrial/office/flex project in Rohnert Park, Sonoma County. This 16,540± gross square foot multi-tenant industrial/office/flex investment opportunity is strategically located in the Central Rohnert Park corridor. The property is leased to multiple professional businesses. This property currently has multiple units totaling 16,540± rentable square feet. The building is comprised of office/warehouse space with suites ranging in sizes from 1,170± rsf - 4,255± rsf. The ceilings are 24 feet clear height, which allows total flexibility for tenants.the building was built in 1986 and is professionally maintained and in excellent condition. This 1.5± acre lot is zoned Industrial/Office overlay. Overall the building, parking lot and landscaping is very well kept and professionally managed. The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.
KEY FACTS LOCATION: Rohnert Park, CA - Sonoma County BUILDING SQUARE FEET: 16,540± sf - Single-Story Bldg. SITE SIZE: 1.5± Acres CURRENT OCCUPANCY: 100% (Multi-Tenant - Six (6) units ranging from 1,170-4,255± sf) LEASE EXPIRATION: Various ASKING PRICE: $2,315,600 PRICE PER SQ. FT.: $140 CAP RATE: 5.75% ZONING: I-L/O - Industrial/Office Overlay FOUNTAIN: Concrete EXTERIOR WALLS: Concrete ROOFING: Mineral Cap Sheet FIRE/LIFE/SAFETY SPECS: Fire Sprinklers with Monitoring System TELEPHONE/ISP SERVICE Sonic, AT&T HVAC SYSTEM: 12 Units - Dual Packed HVAC Mounted on Roof YEAR OF CONSTRUCTION: 1986 PARCEL MAP: 143-021-061
Back of Building - Facing West
TENANT AREA SF RENT PSF MONTHLY RENT TAXES INS COM. AREA LEASE EXP. T -TENANT / O = OWNER InfuSource, LLC 4,255± $1.42 $6,042 O O O 2/28/2021 Intelligent Copier Solutions 3,400 $0.82 $2,800 O O O 12/31/2016 Tony Young Sheet Metal 1,170 $1.00 1,600 O O O 3/31/2017 Ortega Construction 3,480 $0.72 $2,500 O O O M/M Family Nuts 3,000 $0.77 $2,310 O O O 10/31/2020 KOR Commercial 1,235 $1.21 $1,500 O O O 3/31/2017 Incubator Unit The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.
PROPERTY INFORMATION ANNUAL OPERATING DATA Proforma Type Office/Industrial Flex Scheduled Gross Income $223,488.00 Number of Units Total Square Footage 6 16,540 + - Plus Reimbursements Less Vacancy & Credit Allowance Price $2,315,600 Annual Adjusted Income $220,412 Price/psf $140 - Less Expenses $77,781 Location 170 Professional Center Drive Annual NOI $142,631 Zoning Office - Less Annual Debt Service $115,838 Site 1.5 acres Annual $26,794 Cash Flow $3,629 $6,705 CAP Rate Cash on 6.16% Cash % 4.11% LOAN ASSUMPTIONS ANNUAL EXPENSES Down Payment $578,900 Real Estate Taxes $29,001 Water/Sewer $4,900 Loan Amount $1,736,700 PG&E $10,860 Building Expenses $33,019 Interest Rate 4.50% Amortization (Yrs) 25 Annual Debt Service $115,838 Total Expenses $77,781 The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.
170 FLOOR PLAN A1 A1 A5 A6 A2 A4 A3 Unit A1 1,600± sf Tony Young Sheet Metal Unit A4 4,255± sf Infusource Unit A2 3,400± sf Intelelligent Copier Solutions Unit A5 3,000± sf Family Nuts Unit A3 1,395± sf KOR Commercial Unit A6 3,480± sf Ortega Construction
1. 2 Separate APNs will be completed 2. There is a reciprocal parking agreement Lot Line Adjustment Map
LOCATION 150 Professional Center Drive is located in Rohnert Park, California, one of the largest economic hubs of Sonoma County, California. This strategic location, just off the intersection of Rohnert Park Expressway and Highway 101, is approximately 1 hour north of the Golden Gate Bridge and offers convenient access to San Francisco, the East Bay, and other points within the Bay Area. The City of Rohnert Park is located in the Santa Rosa valley roughly 50 miles north of San Francisco along Highway 101 in the southern part of Sonoma County. ROHNERT PARK With the anticipated commuter rail that will have stops in Rohnert Park, coupled with efforts to develop a central district that includes the vacated State Farm complex, the incentives for businesses moving into the area are becoming increasingly desirable. The opening of Graton Casino in Rohnert Park has brought great new excitement to the area. Graton Resort & Casino has a commanding presence amongst rolling hills of Northern California s wine country. Owned and operated by the Federated Indians of Graton Rancheria, Graton Resort & Casino is the complete entertainment experience, featuring table games, the latest slot machines, upscale and casual dining, plus entertainment options for visitors and locals alike. The subject property is located 1.7 miles from Graton Resort & Casino that recently opened its doors on November 5, 2013. The $800 million 340,000-square foot casino is the most expensive private development project in Sonoma County history and is one of the largest casinos in the state of California. Sonoma State University (SSU) is located east of the subject property with direct access from Rohnert Park Expressway. The university is comprised of six schools and offers degrees in 46 majors and 47 minors at the bachelor s level and 15 at the master s level. Sonoma State is a mid-size campus with 9,120 students and located on 269± acres. With 34% of the student body living on campus, SSU is one of the most residential campuses within the California State University system. The site boasts strong demographics with over 59,125 residents within a three-mile radius with an average household income of $71,355. The population has increased by 1.66% since 2000 and is estimated to increase by 3.65% over the next five years. With the array of options and positive outlook for the future, Rohnert Park is an excellent location to consider. SONOMA COUNTY Sonoma County is the premier location for R&D, professional services and entrepreneurial businesses. Today, the County is a magnet for all local industries, including government, winemaking, healthcare, engineering, biotechnology, financial services, education, tourism, state, county and local government offices. With easily accessible, high-quality office buildings at attractive rental rates, Rohnert Park is positioned to attract value-conscious tenants who are increasingly seeking high-value occupancy alternatives in the expensive Bay Area real estate market. This demand will help tighten the Sonoma County office market.
Disclaimer This property is being offered on an as-is basis. While the Broker believes the information in this brochure to be accurate, no warranty or representation is made as to its accuracy or completeness. Interested parties should conduct independent investigations and reach conclusions without reliance on materials contained in this brochure. This property owner requests that you do not disturb the Tenants, as the property will only be shown in coordination with the Listing Agent. This brochure is presented under the terms and conditions of the Confidentiality Agreement. As such, the material contained in this brochure is confidential and is provided solely for the purpose of considering the purchase of the property described herein. Offers should be presented to the agent for the property owner, Kevin Doran of Keegan & Coppin Company, Inc. Prospective buyers are encouraged to provide buyer s background, source of funds and any other information that would indicate their ability to complete the transaction smoothly. Contact Information Kevin Doran Partner BRE #01704987 (707) 528-1400 ext. 270 Email: