Rohnert Park, CA 94928,311 Professional Center DR
Listed by Todd Schapmire • W Real Estate
Bought with Annette Cooper • Keegan & Coppin Company, Inc

$4,950,000

Est. payment /mo

$5,250,000

5.7%
Est.Price: ?

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311 Professional Center DR Rohnert Park, CA 94928

24,150 SqFt

SOLD DATE : 08/03/2023

Key Details

Sold Price $4,950,000

Property Type Commercial

Sub Type Office

Listing Status Sold

Purchase Type For Sale

Square Footage 24,150 sqft

Price per Sqft $204

MLS Listing ID 322098428

Sold Date 08/03/23

HOA Y/N No

Year Built 2001

Lot Size 1 Sqft

Property Sub-Type Office

Property Description

Class A Professional Grade Office and Flex Building! Concrete tilt up construction in 2001 makes this building 21 years new and it has been extremely well maintained since. Long term tenant occupies approximately two-thirds of the building making this a perfect buy for an investor looking for a low maintenance building with good income. It is also a great opportunity for an owner-user to use part and collect rent on the rest. The opportunity here is abundant! Offices are built out in high quality finishes. Roll up door and flex space in the back creates long term flexibility for future owner or tenants. No need for the new owner to worry about the most common costly upgrades or common tenant concerns because this building has an elevator, fire sprinklers, and onsite parking. Less than half a mile to the proposed new Downtown Rohnert Park and located at the end of a cul-de-sac with views of the golf course. A high quality building with a strong tenant in Northern California at an approximate 5.61% cap rate is a great opportunity!

Location

State CA

County Sonoma

Area Cotati/Rohnert Park

Building

Story 2

Level or Stories 2

Others

Special Listing Condition None

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Bay Area Real Estate Info Services (BAREIS)
Christine Hale

Christine Hale

Advisor | License ID: 02088638

+1(707) 287-5782

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