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2208 Olivet Road

Santa Rosa, CA 95401
  • $7,075,000
  • STATUS: Active
  • ON SITE: 17 Days
  • ID#: 324087339
UPDATED: 62 min ago
$7,075,000
  • 0
    BEDS
  • 12.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,776
    SQFT
  • $1,481
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1980
County:

School Ratings & Info

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.

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Bay East ©2024. CCAR ©2024. bridgeMLS ©2024. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-12-06T14:57:45.297.
www.solanoregroup.com/homes/157990539
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2208 Olivet Road Santa Rosa, CA 95401

  • Price: $7,075,000
  • Status: Active
  • On Site: 17 Days
  • Updated: 62 min ago
  • ID#: 324087339
0
Beds
0
Baths
0
½ Baths
12.11
Acres
4,776
SQFT
$1,481
$/SQFT
1980
Built
Neighborhood:
Santa Rosa-Northwest
County:
Sonoma
Area:
Santa Rosa-Northwest
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.
Exterior Features

Construction Materials Wood Foundation Details Slab Lot Features Manual Sprinkler F&R Parking Features CarportFencedLighted Parking Total 50

Interior Features

Cooling Ductless Floor 0 Flooring CarpetConcreteLinoleum Heating CentralDuctless

Property Features

Auction No Building Features 12 to 18 Ft CeilingsKitchen FacilitiesManager's OfficeRefrigeration Business Type NurseryWholesale Current Use Mixed UseResidentialOther Dock Doors 0 Electric 3 Phase440 Volts Income Includes Rent Industrial Sq Ft 0 Lease Deposit 0 Lease Type Net Leased 90 Load Factor 0 Loading 14' Roll Up Door Office Sq Ft 0 Percent Office 0 Property Condition Updated/RemodeledYard GravelYard Paved Property Sub Type Mixed Use Property Type Commercial Sale Retail Sq Ft 0 Security Features Other Sewer Septic System Structure Type DetachedMixed UseWarehouse Utilities Internet AvailableSeparate Gas Meter Warehouse Sq Ft 20000 Water Source Well Zoning Description LIA40

Listing information © 2024 Bay Area Real Estate Information Services. Listing courtesy of Monica J Bugica of Compass: .


Bay East ©2024. CCAR ©2024. bridgeMLS ©2024. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-12-06T14:57:45.297.
 
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