Bought with Annette Cooper • Keegan & Coppin Company, Inc
$4,950,000
$5,250,000
5.7%For more information regarding the value of a property, please contact us for a free consultation.
311 Professional Center DR Rohnert Park, CA 94928
24,150 SqFt
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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