A Commerial Develoment Site - LoopNet · 2 bedroom / 2 bath of approx 1200 SF home, and one 1...
Transcript of A Commerial Develoment Site - LoopNet · 2 bedroom / 2 bath of approx 1200 SF home, and one 1...
SALE PRICEOffered at $1,725,000
HIGHLIGHTS: CURRENT INCOME IN PLACE
� Signalized Hard Corner
� 3.39± Acre Site (1 Parcel)
� 300± Feet of Frontage on Petaluma Blvd. North
� Zoned County C-3; General Plan Designated Mixed Use
� Scheduled Income $78,000 w/ Month to Month Rental Agreements
� Two (2) Detached Single Family Homes (2/2 of approx. 1,200 sf & 1/1 of approx. 800 sf), Outbuildings plus a Prime approx. 1-acre Commercial Signalized Corner Site
DEMOGRAPHICSADT POPULATION42,000± 1MILE 5,600±
3 MILES 54,000±
3.39± Ac Commercial Development Site3340 Petaluma Boulevard North | Petaluma, CA
Joel Jaman, Partner1355 N Dutton Ave., Santa Rosa, CA 95401
(707) 528-1400 Fax: (707) 524-1419Lic #: 00857563
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.
P
RO
PER
TY
:
L
ocat
ion:
Pr
ice
Pric
e/ps
f
S
ize:
C
ap R
ate
5.55
%
Des
crip
tion:
Cur
rent
Ren
tPr
ofor
ma
Ren
t
A
nnua
l NO
I$5
3,50
0$9
5,74
0
Ann
ual D
ebt S
ervi
ce($
57,5
29)
($57
,529
)
Site
:
Ann
ual C
ash
Flow
-$4,
029
$38,
211
Zon
ing:
C
ash
Flow
%-0
.47%
4.43
%
Cur
rent
Ren
tPr
ojec
ted
Ren
t
S
ched
uled
Gro
ss In
com
e$7
8,00
0$1
20,2
40$0
$0D
own
Paym
ent
$862
,500
L
ess V
acan
cy0.
0%$0
$0
Ann
ual A
djus
ted
Inco
me
$78,
000
$120
,240
Loa
n A
mou
nt$8
62,5
00
Les
s Exp
ense
s-$
24,5
00($
24,5
00)
A
nnua
l NO
I$5
3,50
0$9
5,74
0In
tere
st R
ate
4.50
%
Les
s Ann
ual D
ebt S
ervi
ce($
57,5
29)
($57
,529
)
Cas
h Fl
ow-$
4,02
9$3
8,21
1A
mor
tizat
ion
(Yrs
)25
C
ash
Flow
%-0
.47%
4.43
%D
ebt S
ervi
ce($
57,5
29)
S
CH
ED
UL
ED
INC
OM
E
Ren
t/SF
Mon
thly
Ren
tL
ease
Exp
.R
ent/S
F
Tax
es$1
9,80
0$1
.67
$2,0
00.0
0M
- M
$2.1
0$2
,520
.00
In
sura
nce
$2,3
00$1
.25
$1,0
00.0
090
day
s$1
.88
$1,5
00.0
0
Mai
nten
ance
$1,2
00$0
.08
$3,5
00.0
0M
- M
$0.1
4$6
,000
.00
U
tiliti
es$0
.00
$0.0
0
Com
mon
Are
a$1
,200
$0.0
0$0
.00
R
eser
ves
$0.0
0$0
.00
M
anag
emen
t$0
.00
$0.0
0
Oth
er
T
otal
:$6
,500
.00
$10,
020.
00
Tot
al E
xpen
ses
$24,
500
A
nnua
l Sch
edul
edA
nnua
l Pro
ject
ed
Ann
ual
Mon
thly
x 1
2$7
8,00
0M
onth
ly x
12
$120
,240
R
eim
burs
emen
ts$0
RE
MA
RK
S:
45,5
60
Ow
ner
has a
per
mit
and
appr
oved
pla
ns to
con
stru
ct a
mou
nd sy
stem
to a
ccom
mod
ate
an e
ight
per
son
com
mer
cial
use
with
the
exis
ting
resi
dent
ial s
truc
ture
s (re
cent
in
form
atio
n in
dica
tes t
hat a
dditi
onal
cap
acity
may
be
poss
ible
). T
he p
rope
rty
is w
ithin
a C
ount
y Is
land
with
in th
e C
ity o
f Pet
alum
a sp
here
of i
nflu
ence
. A
ppro
xim
atel
y 40
% o
f the
pro
pert
y is
with
in th
e 10
0 ye
ar fl
ood
plai
n. T
he p
rope
rty
is w
ithin
a 0
fill
area
of t
he c
ount
y.
The
abov
e in
form
atio
n an
d pr
ojec
tion
is ba
sed
on d
ata
prov
ided
by
selle
r and
cer
tain
ass
umpt
ions
and
pro
ject
ions
abo
ut th
e fu
ture
.A
pro
spec
t sho
uld
verif
y in
form
atio
n an
d as
sum
ptio
ns to
det
erm
ine
appl
icab
ility
and
risk
.
800
43,5
60
Cur
rent
and
Pro
ject
ed (P
)L
esse
eA
ppro
x. S
F M
onth
ly R
ent
1,20
0
Cur
rent
Lea
ses
Prof
orm
a L
ease
s
3.39
acr
e sit
e3.
10%
Prof
orm
a C
ap R
ate
Two
deta
ched
sing
le fa
mily
hom
es (2
/2 o
f app
roxi
mat
ly
1200
SF
and
1/1
of a
ppro
xim
atel
y 80
0 SF
) and
an
appr
ox 1
ac
re c
omm
erci
al si
gnal
ized
har
d co
rner
.
App
roxi
mat
ely
3.39
acr
es
C-3
(Cou
nty
of S
onom
a)
A
NN
UA
L O
PER
AT
ING
DA
TA
Loa
n D
ata
P
lus R
eim
burs
emen
t
Ann
ual E
xpen
ses
#VA
LUE!
KEEG
AN &
CO
PPIN
CO
MPA
NY,
INC.
Onc
or In
tern
atio
nal
Com
mer
cial
Rea
l Est
ate
Serv
ices
PRE
DE
VE
LO
PME
NT
CO
MM
ER
CIA
L PR
OPE
RTY
INV
EST
ME
NT
SUM
MA
RY
3340
Pet
alum
a B
oule
vard
Nor
th, P
etal
uma,
CA
949
52
3340
Pet
alum
a Bl
vd N
, Pet
alum
a$1
,725
,000
3.39± Ac Commercial Development Site3340 Petaluma Boulevard North | Petaluma, CA
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.
AERIALS
Overhead View
View Looking NE
Hard to find Northern Petaluma Investment/Development Opportunity consisting of two detached single family homes, outbuildings plus a prime approx 1 acre commercial signalized corner site on an approximately 3.39 acres. One 2 bedroom / 2 bath of approx 1200 SF home, and one 1 bedroom / 1 bath home of approx 800 sf. The site also has three outbuildings - one small (approx 300 SF) shop building with bathroom, and one approx 4,000 SF storage building in fair condition. as well as a tear down shed.
3.39± Ac Commercial Development Site3340 Petaluma Boulevard North | Petaluma, CA
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.
EXPANDED AERIAL MAP
Vicinity Map
3.39± Ac Commercial Development Site3340 Petaluma Boulevard North | Petaluma, CA
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.
ZONING USES PERMITTED(a) Retail sales and service uses necessary to serve the C3 district, but not including those uses I listed in Section 26-34-020(b) New and used passenger vehicle, boat and recreational vehicles sales, rental and repair;(c) Truck, trailer and farm implement sales, including major repair facilities; (d) Tire sales, including recapping the retreading;(e) Machinery sales and rental;(f) Bakeries, creameries, soft drink bottling plants, laundries, cleaning and dying plants;(g) Cabinet shops; electrical plumbing and heating ships; welding, sheet metal and machine shops;(h) Wholesale warehouse uses;(i) Storage yards accessory to the uses listed in this section, not to exceed one hundred percent (100%) of the gross area of the main building;(j) Small collection facilities as an accessory use to any permitted use subject to the provisions of Section 26-88-070(k) Feed stores;(l) Surplus goods stores;(m) Furniture, carpet, drapery and upholstery warehousing including incidental reail sales and service;(n) Paint and wall covering stores;(o) Garden supply stores;(p) New and used manufactured home sales;(q) Business equipment and supplies sales;(r) Automobile accessories, parts and equipment sales including installation;
(s) Business support services including copying and printing, janitorial services and security services;(t) Household goods rental store;(u) Business equipment and furniture rentals;(v) Warehouses including mini-warehouses, moving and storage companies;(dd)Small-scale homeless shelters serving no more than ten (10) persons pursuant to 26-88-127, subject to Article 82 (Design Review), within designated urban service areas.(W) Occasional cultural events; provided, that a written notice stating “The Sonoma County Planning Department will issue a zoning permit for a cultural event (state nature and duration) on this property if a written appeal is not received within (10) days from the date of this notice.” is posted on the property at lease ten (10) days prior to issuance of a zoning permit, and no approval is secured from the following departments: sheriff, public health, fire services, building inspection and public works. In the event of an appeal, a hearing on the project shall be held pursuant to Section 26-92-040.(x) Beekeeping;(y) Attached commercial telecommunication facilities subject to the applicable criteria set forth in Section 26-88-130(z) Minor and intermediate freestanding commercial telecommunication facilities eighty feet (80’) or less, subject to the applicable criteria set forth in Section 26-88-130(aa) Noncommercial telecommunication facilities eighty feet (80’) or less in height subject to the applicable criteria set forth in Section 26-88-130(bb) Small wind energy systems not located within a county-designated urban service area, subject to zoning permit approval and the standards in Section 26-88-135(cc) Other nonresidential uses which in the opinion of the planning director are of a similar and compatible nature to those uses described in this section.
3.39± Ac Commercial Development Site3340 Petaluma Boulevard North | Petaluma, CA
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.
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 owner. 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
Joel JamanPartner
Lic. # 00857563(707) 528-1400
3.39± Ac Commercial Development Site3340 Petaluma Boulevard North | Petaluma, CA
Joel Jaman, Partner1355 N Dutton Ave., Santa Rosa, CA 95401
(707) 528-1400 Fax: (707) 524-1419Lic #: 00857563
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.