Investment Overview
Introducing a prime investment opportunity in Santa Rosa, California. This meticulously renovated 14,500 SF industrial property, featuring 4 units, presents a compelling proposition for savvy investors. With a current 100% occupancy rate generating robust annual income, this property offers a solid foundation for immediate returns. Zoned CG / R18, the potential for diverse development options adds further value to this asset. The lease agreement includes termination by lessor clauses, providing flexibility for future prospects. Boasting an annual income of $153,600 with escalating rent projections, this low-maintenance property promises excellent long-term growth potential.
Investment Highlights
- - 14,500 SF building with 4 units
- - Renovated in 2024
- - Zoned CG / R18 for versatile development options
- - 100% occupancy, providing strong annual income
- - Lease agreement includes termination by lessor clauses
- - Potential for small lot R-1 subdivision or multi-family development
- - Prime Santa Rosa location
- - Annual income of $153,600 with rent escalators
- - Projected 2024-25 annual gross rents $160,000
- - Low maintenance property