Downtown Office Building for Sale Owner/user Opportunity - Reduced Price $2,700, E Street Santa Rosa CA

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1 14,374± sf Two Story Building REDUCED PRICE $2,700,000! Kevin Doran, Partner 1355 N Dutton Ave., Santa Rosa, CA (707) Fax: (707) Lic #: KDoran@KeeganCoppin.com

2 KEY FACTS OF PROPERTY Vaulted Ceilings with a Great Reception Area Several Private Offices & Several (Breakout) Small Offices Plug and Play Workstations and Offices Network Switches, Rack, and Wiring Already in Place and Working for a Turn-Key Environment Previously a Title Company (North American Title) and Retal Estate Company (Better Homes & Gardens) Downtown Area with Great Visibility Signage on the Building and on Street Monument Ideal for CPAs, Social Media Companies, Municipal Companies, Nonprofits, & More Parking Lot from E Street PROPERTY DESCRIPTION High-identity renovated two-story Downtown building. The building offers a new facade, new large windows, new HVAC system, new entry with formal lobby on E Street plus new side entry on 7th Street. Highly visible tenant signage available on building exterior at the corner of E Street and 5th Street. Excellent identity for architects, engineers, attorneys, financial advisors, CPA s, and other professional uses. Parking Lot from 7th Street

3 Downstairs Built-In Workstations Second Floor Hallway Office Area with Vaulted Ceiling

4 Large Conference Room On-Site Downtown Parking Reception Desk

5 7th Street - Side of Building Private Office E Street - Front of Building Mail Room

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8 MARKET OVERVIEW Santa Rosa is the sixth largest city in the San Francisco Bay Area. The City serves as a business and service hub for California s North Bay Region and serves as the Sonoma County Seat. Sonoma County is located north of the San Francisco Bay. The county s real estate development and business infrastructure is primarily located along Highway 101, which serves as the main arterial connection to Napa, Sacramento, San Francisco. Sonoma County is 35 miles north of San Francisco, which serves as a main attraction to the area. EMPLOYMENT GROWTH The Santa Rosa MSA recently surpassed pre-recession employment levels of 195,800 jobs after adding 5,800 jobs in 2015, or 3.0% growth to 199,800 nonfarm jobs. The Santa Rosa jobless rate dropped to 4.2% in June 2016 from 5.3% at the beginning of The current unemployment rate is now 730 basis points below the peak 11.5% that was recorded in March California s unemployment rate is currently 5.9%. Approximately 5,600 additional jobs have been added to Santa Rosa s employment base over the past year to a current total of 202,600 jobs. HOUSING AFFORDABILITY The average residential sale price in Santa Rosa is $525,000 which makes it among the lowest of all the counties in its region. In addition, the median home price has appreciated 81% over the last five years. Approximately 20% of the residents can afford the median priced home. This is more than twice the rate of the San Francisco-San Mateo-Redwood City region affordability index of only 8.5% with a median home price of $1,180,000 and above the San Jose- Sunnyvale-Santa Clara region affordability index of 17.5% with a median home price $845,000. The housing affordability and high quality of life has made Santa Rosa one of the most attractive locations for employers within the greater San Francisco Bay Area going forward. The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.

9 LIGHT RAIL In 2008, voters approved the Sonoma-Marin Area Rail Transit (SMART) to create a passenger rail and bicycle-pedestrian pathway project through Sonoma and Marin counties. It will connect residents and visitors with jobs, education, recreation, and services along with helping further reduce congestion on Highway 101. The project when fully built out will serve a 70-mile corridor from Larkspur to Cloverdale with the first phase from San Rafael to Santa Rosa. Phase I includes 42 miles of new track, 10 stations, 1 tunnel, 20 bridges, and 14 new trains. Three stations will service Santa Rosa and will be located at the Sonoma County Airport, Santa Rosa North and Santa Rosa Downtown. SMART is in the testing phase. The Phase 1 passenger service from Airport Boulevard in Santa Rosa to downtown San Rafael begins in Planners predict daily weekday ridership between 3,000 and 5,000 passengers. Santa Rosa Jennings: The Jennings Avenue station site is adjacent to Range Avenue south of Jennings, which is just west of Highway 101 and south of Coddington Shopping Center. Santa Rosa Railroad Square: Located at the site of the 1904 historic depot in the Railroad Square District of Santa Rosa between Fourth & Fifth Streets. Sonoma County Airport: This station will be located on Airport Boulevard near the rapidly growing regional airport and has one of the highest concentration of jobs in the North Bay and is expected to have 17,000 jobs in the area by 2040 (there were 5,000 jobs located there in 2012).

10 DISCLAIMER This property is being offered on an as-is basis. While the Broker believes the information in this brochure to be accurate, no warranty or representation is made as to its accuracy or completeness. Interested parties should conduct independent investigations and reach conclusions without reliance on materials contained in this brochure. This property owner requests that you do not disturb the Tenants, as the property will only be shown in coordination with the Listing Agent. This brochure is presented under the terms and conditions of the Confidentiality Agreement. As such, the material contained in this brochure is confidential and is provided solely for the purpose of considering the purchase of the property described herein. Offers should be presented to the agent for the property owne. Prospective buyers are encouraged to provide buyer s background, source of funds and any other information that would indicate their ability to complete the transaction smoothly. CONTACT Kevin Doran Partner BRE # (707) ext. 270 KDoran@KeeganCoppin.com The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.