$ 7,075,000
2208 Olivet RD Santa Rosa, CA 95401
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Listed by Monica J Bugica • Compass
$ 7,075,000
Est. payment /mo
New
2208 Olivet RD Santa Rosa, CA 95401
4,776 SqFt
UPDATED:
11/18/2024 04:45 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,776 sqft
Price per Sqft $1,481
MLS Listing ID 324087339
HOA Y/N No
Year Built 1980
Lot Size 12 Sqft
Property Description
Investment Opportunity!! 12.11 acre property located in the heart of Sonoma County. The property hosts a thriving grapevine nursery & well established vineyard support company, both of which are long-term tenants with 7-8 years remaining on their leases and an expressed willingness to extend. Their long-term leases provide a stable and reliable income stream with a NOI of $531,788+/-, generating a robust 7.5% cap rate based on actual numbers. Improvements include multiple green houses, Ag support structures, office spaces and equipment storage. There is a 3 bed, 2.5 bath approx 2100 sq home with RV storage and garage currently leased month to month to a solid tenant. Two wells with multiple storage tanks on site.
Location
State CA
County Sonoma
Area Santa Rosa-Northwest
Zoning LIA40
Interior
Heating Central, Ductless
Cooling Ductless
Flooring Carpet, Concrete, Linoleum
Exterior
Garage Spaces 50.0
Utilities Available Internet Available, Separate Gas Meter
Building
Lot Description Manual Sprinkler F&R
Story 1
Foundation Slab
Sewer Septic System
Water Well
Level or Stories 1
Others
Special Listing Condition Offer As Is
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