Value-Add / Owner User Office Building | Ground Floor… — Sale in Santa Rosa, CA
- Price: Contact for price
- Listing type: For sale
- Asset type: Office
- Location: Santa Rosa, CA 95404
Photos
Investment Figures
- Cap rate
- 5.27%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
801 Fourth Street represents a rare opportunity to acquire a well-located, two-story office building in the heart of Downtown Santa Rosa, anchored by a newly extended lease with Columbia Bank on the entire ground floor. The property comprises approximately 8,679 square feet and includes an adjacent 8,700± square foot parking lot with approximately 35 on-site spaces, an exceptionally valuable amenity in the downtown core. The first floor contains approximately 5,050 rentable square feet, fully leased to Columbia Bank through September 30, 2030, with two additional three-year extension options that could extend occupancy through 2036. The entire second floor, comprising approximately 4,450 square feet, is currently vacant and configured with multiple private offices, conference room, bullpen area, large kitchen, elevator access, and abundant natural light. This vacancy creates a compelling value-add opportunity for an investor to lease the space to an owner-user or traditional office tenant, thereby materially increasing net operating income and overall asset value. Located at the prominent corner of Fourth and E Streets, just two blocks from Courthouse Square, the property benefits from excellent visibility, walkability, and direct access to Downtown Santa Rosa’s restaurants, professional services, government offices, and retail amenities. Courthouse Square The combination of secure in-place income, substantial upside through lease-up of the second floor, and a prime downtown location with abundant parking positions 801 Fourth Street as an attractive investment for private investors, family offices, and owner-users seeking both stability and appreciation potential. Investment Highlights: • Ground floor fully leased to Columbia Bank through September 30, 2030, Two additional three-year extension options • Columbia Bank is a publicly traded regional financial institution and one of the largest banks in the Pacific Northwest • Entire second floor of approximately 4,450
Market Context
This office in Santa Rosa, CA is listed for sale. It is offered at an approximate 5.3% capitalization rate, a key benchmark for income-producing office assets. Compare it against other office listings for sale in Santa Rosa, CA — view the full market.
Contact
- Erich Reichenbach · (415) 625-2146 · erich.reichenbach@marcusmillichap.com
- Quentin Caruso · (415) 625-2180 · quentin.caruso@marcusmillichap.com
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