2208 Olivet Rd
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2208 Olivet Rd
85,000 SF 100% Leased Flex Building Santa Rosa, CA 95401 $9,950,280 CAD ($117 CAD/SF) 7.52% Cap Rate
Investment Highlights
- Anchor tenants are private equity backed with $120,000,000 annual revenue. Will sign new 10+ year lease.
- Passive investment
Executive Summary
Cash or Cash to New Loan or 10-31
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$968,711
|
$11.40
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$968,711
|
$11.40
|
| Taxes |
$111,106
|
$1.31
|
| Operating Expenses |
$109,699
|
$1.29
|
| Total Expenses |
$220,805
|
$2.60
|
| Net Operating Income |
$747,907
|
$8.80
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $968,711 |
| Annual Per SF | $11.40 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $968,711 |
| Annual Per SF | $11.40 |
| Taxes (CAD) | |
|---|---|
| Annual | $111,106 |
| Annual Per SF | $1.31 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $109,699 |
| Annual Per SF | $1.29 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $220,805 |
| Annual Per SF | $2.60 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $747,907 |
| Annual Per SF | $8.80 |
Property Facts
Amenities
- 24 Hour Access
- Conferencing Facility
- Fenced Lot
- Storage Space
- Air Conditioning
- Fiber Optic Internet
Utilities
- Lighting
- Gas - Propane
- Water - Well
- Sewer - Septic Field
- Heating - Electric
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Advantage Vines II
- Wholesaler
- 40,000 SF
- $0.21 CAD
- Negotiable
- Dec 2033
- Atlas VM
- Agriculture, Forestry, Fishing and Hunting
- 80,000 SF
- $0.74 CAD
- Negotiable
- Dec 2032
- Landscaper
- Agriculture, Forestry, Fishing and Hunting
- 4,000 SF
- $0.35 CAD
- Negotiable
- Jun 2025
- Residential Tenant
- Real Estate
- 2,100 SF
- $1.97 CAD
- Negotiable
- -
- Roofer
- Agriculture, Forestry, Fishing and Hunting
- 7,000 SF
- $0.34 CAD
- Negotiable
- -
- Tree Service
- Agriculture, Forestry, Fishing and Hunting
- 10,000 SF
- $0.45 CAD
- Negotiable
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Advantage Vines II | Wholesaler | 40,000 SF | $0.21 CAD | Negotiable | Dec 2033 | |
| Atlas VM | Agriculture, Forestry, Fishing and Hunting | 80,000 SF | $0.74 CAD | Negotiable | Dec 2032 | |
| Landscaper | Agriculture, Forestry, Fishing and Hunting | 4,000 SF | $0.35 CAD | Negotiable | Jun 2025 | |
| Residential Tenant | Real Estate | 2,100 SF | $1.97 CAD | Negotiable | - | |
| Roofer | Agriculture, Forestry, Fishing and Hunting | 7,000 SF | $0.34 CAD | Negotiable | - | |
| Tree Service | Agriculture, Forestry, Fishing and Hunting | 10,000 SF | $0.45 CAD | Negotiable | - |
PROPERTY TAXES
| Parcel Number | 057-030-065 | Total Assessment | $3,708,610 CAD |
| Land Assessment | $1,711,666 CAD | Annual Taxes | $111,106 CAD ($1.31 CAD/SF) |
| Improvements Assessment | $1,996,944 CAD | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
057-030-065
Land Assessment
$1,711,666 CAD
Improvements Assessment
$1,996,944 CAD
Total Assessment
$3,708,610 CAD
Annual Taxes
$111,106 CAD ($1.31 CAD/SF)
Tax Year
2023
zoning
| Zoning Code | LIA-40 (land intensive ag) |
| LIA-40 (land intensive ag) |
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