This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Multi-Tenant Leased Retail Investment 421 S Cloverdale Blvd

10,896 SF 48% Leased Retail Building Cloverdale, CA 95425 $3,732,750 CAD ($343 CAD/SF) 7.11% Cap Rate

Investment Highlights

  • Tenant leases are Triple Net with Annual Increases & Expense Pass-throughs
  • North Parking Lot was recently slurry sealed
  • Adjacent Retail Pad is also offered for sale
  • Both En-Suite and Common Area Restrooms
  • Building is professionally managed and maintained

Executive Summary

Keegan & Coppin, Company is pleased to present an opportunity to acquire this quality downtown retail investment property in the highly desirable Sonoma County Wine Region. Located in central Cloverdale and near several new developments, this multi-tenant property is nearby many restaurants, cafes, and boutique shopping stores. Originally constructed in 1958 as a grocery store, the property was architecturally redesigned and professionally renovated in 2005 to feature eight (8) new tenant spaces. Four of these spaces are presently leased to three tenants, two of whom have brand new ten (10) year lease terms. The property is abundantly parked at four (4) spaces per 1,000 sq ft of building area and fronts Cloverdale Boulevard giving all tenants excellent street exposure and signage visibility.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,896 SF
Building Class
B
Year Built/Renovated
1958/2005
Price
$3,732,750 CAD
Price Per SF
$343 CAD
Cap Rate
7.11%
NOI
$265,354 CAD
Percent Leased
48%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
0.82 AC
Zoning
CG - General Commercial
Frontage
426 ft on S Cloverdale Blvd

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 101
  • 1,665 SF
  • Office/Retail
  • -
  • Now

Has restaurant kitchen infrastructure.

  • 104
  • 824 SF
  • Retail
  • End Cap
  • Now

Average condition retail space available for lease today!

  • 105
  • 1,720 SF
  • Retail
  • End Cap
  • Now

Average condition retail space available for lease today!

  • 106
  • 1,509 SF
  • Retail
  • In-Line
  • Now

Average condition retail space available for lease today!

Space Size Space Use Position Available
101 1,665 SF Office/Retail - Now
104 824 SF Retail End Cap Now
105 1,720 SF Retail End Cap Now
106 1,509 SF Retail In-Line Now

101

Size
1,665 SF
Space Use
Office/Retail
Position
-
Available
Now

104

Size
824 SF
Space Use
Retail
Position
End Cap
Available
Now

105

Size
1,720 SF
Space Use
Retail
Position
End Cap
Available
Now

106

Size
1,509 SF
Space Use
Retail
Position
In-Line
Available
Now

101

Size 1,665 SF
Space Use Office/Retail
Position -
Available Now

Has restaurant kitchen infrastructure.

104

Size 824 SF
Space Use Retail
Position End Cap
Available Now

Average condition retail space available for lease today!

105

Size 1,720 SF
Space Use Retail
Position End Cap
Available Now

Average condition retail space available for lease today!

106

Size 1,509 SF
Space Use Retail
Position In-Line
Available Now

Average condition retail space available for lease today!

Walk Score ®
Very Walkable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Anytime Fitness
Chase Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
001-071-031
Land Assessment
$554,793 CAD
Improvements Assessment
$1,126,538 CAD
Total Assessment
$1,681,331 CAD
  • Listing ID: 31716263

  • Date on Market: 2024-05-06

  • Last Updated:

  • Address: 421 S Cloverdale Blvd, Cloverdale, CA 95425

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}