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Kevin Doran, Partner 1355 N Dutton Ave., Santa Rosa, CA 95401
(707) 528-1400 ● Fax: (707) 524-1410Lic #: 01704987
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.
Office/Flex Building Investment170 Professional Center Drive | Rohnert Park | CA
Fully Leased - 5.75% CAP
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.
Office/Flex Building Investment170 Professional Center Drive | Rohnert Park | CA
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.
Kevin Doran, Partner 1355 N Dutton Ave., Santa Rosa, CA 95401
(707) 528-1400 ● Fax: (707) 524-1410Lic #: 01704987
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.
Office/Flex Building Investment170 Professional Center Drive | Rohnert Park | CA
KEY FACTSLOCATION: Rohnert Park, CA - Sonoma CountyBUILDING 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: VariousASKING PRICE: $2,315,600PRICE PER SQ. FT.: $140CAP RATE: 5.75%ZONING: I-L/O - Industrial/Office OverlayFOUNTAIN: ConcreteEXTERIOR WALLS: ConcreteROOFING: Mineral Cap SheetFIRE/LIFE/SAFETY SPECS: Fire Sprinklers with Monitoring SystemTELEPHONE/ISP SERVICE Sonic, AT&THVAC SYSTEM: 12 Units - Dual Packed HVAC Mounted on
RoofYEAR OF CONSTRUCTION: 1986PARCEL MAP: 143-021-061
Kevin Doran, Partner 1355 N Dutton Ave., Santa Rosa, CA 95401
(707) 528-1400 ● Fax: (707) 524-1410Lic #: 01704987
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.
Office/Flex Building Investment170 Professional Center Drive | Rohnert Park | CA
Back of Building - Facing West
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.
Office/Flex Building Investment170 Professional Center Drive | Rohnert Park | CA
Incubator Unit
RENT ROLL
BLDG TENANT AREA SF
RENT PSF
MONTHLY RENT
TYPE OF
LEASERENT INCREASES LEASE
TERMEXTENSION
OPTIONS
UTILITIES PAID BY
LANDLORD
UTILITIES PAID BY TENANT
170 Infusource Pharmacy
4,255 $1.42 $6,042 Gross 3% 4 yrs 8 mos N/A Water/Garbage PG&E
170 Intelligent Copier Solutions
3,400 $0.82 $2,800 Gross $3,000 start Nov 2018 $3,200 start Nov 2019
3 years N/A Water/Garbage PG&E
170 Family Nuts 3,000 $0.77 $2,310 Gross $2,550 start Jan. 2018 $2,700 start Jan. 2019 $2,900 start Jan. 2020
2 yrs 6 mos (1) 5 year Water/Garbage PG&E
170 Ortega Construction 3,480 $0.86 $3,000 Gross TBD Mo - Mo N/A Water/Garbage PG&E170 KOR Commercial 1,235 $1.21 $1,500 Gross TBD Rent
GuaranteeRent Guarantee(for 6 mos after COE)
Water/Garbage PG&E
170 Tony Young Sheet Metal
1,170 $1.37 $1,600 Gross 3% Mo - Mo N/A Water/Garbage PG&E
16,540 $17,252
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.
Office/Flex Building Investment170 Professional Center Drive | Rohnert Park | CA
PROPERTY INFORMATION ANNUAL OPERATING DATA Proforma
TypeNumber of Units
+$3,629
Total Square Footage
-$6,705
Price Annual Adjusted Income $220,412
Price/psf - Less Expenses $77,781
Location Annual NOI $142,631
Zoning - Less Annual Debt Service $115,838
Site
6.16% 4.11%
LOAN ASSUMPTIONS ANNUAL EXPENSESDown Payment $578,900 Real Estate Taxes $29,001
Water/Sewer $4,900Loan Amount $1,736,700 PG&E $10,860
Building Expenses $33,019Interest Rate 4.50%
Amortization (Yrs) 25
Annual Debt Service $115,838 Total Expenses $77,781
$223,488.00
Annual Cash Flow
CAP Rate
Cash on Cash %
1.5 acres
Scheduled Gross Income Office/Industrial Flex
6
16,540
$2,315,600
$26,794
Office
PlusReimbursements
Less Vacancy & Credit Allowance
170 Professional Center Drive
$140
Kevin Doran, Partner 1355 N Dutton Ave., Santa Rosa, CA 95401
(707) 528-1400 ● Fax: (707) 524-1410Lic #: 01704987
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.
Office/Flex Building Investment170 Professional Center Drive | Rohnert Park | CA
Kevin Doran, Partner 1355 N Dutton Ave., Santa Rosa, CA 95401
(707) 528-1400 ● Fax: (707) 524-1410Lic #: 01704987
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.
Office/Flex Building Investment170 Professional Center Drive | Rohnert Park | CA
Unit A1 1,600± sf Tony Young Sheet Metal Unit A4 4,255± sf InfusourceUnit A2 3,400± sf Intelligent Copier Solutions Unit A5 3,000± sf Family NutsUnit A3 1,395± sf KOR Commercial Unit A6 3,480± sf Ortega Construction
A1A1
A2
A3
A4
A5A6
170 FLOOR PLAN
Lot Line Adjustment Map
Kevin Doran, Partner 1355 N Dutton Ave., Santa Rosa, CA 95401
(707) 528-1400 ● Fax: (707) 524-1410Lic #: 01704987
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.
Office/Flex Building Investment170 Professional Center Drive | Rohnert Park | CA
1. 2 Separate APNs will be completed
2. There is a reciprocal parking agreement
Kevin Doran, Partner 1355 N Dutton Ave., Santa Rosa, CA 95401
(707) 528-1400 ● Fax: (707) 524-1410Lic #: 01704987
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.
Office/Flex Building Investment170 Professional Center Drive | Rohnert Park | CA
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 PARKWith 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 COUNTYSonoma 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.
Kevin Doran, Partner 1355 N Dutton Ave., Santa Rosa, CA 95401
(707) 528-1400 ● Fax: (707) 524-1410Lic #: 01704987
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.
Office/Flex Building Investment170 Professional Center Drive | Rohnert Park | CA
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: [email protected]
