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Skyhawk Village - Retail & Luxury Residential 5761 Mountain Hawk Dr

16,800 SF 100% Leased 4-Star Retail Building Santa Rosa, CA 95409 $12,402,862 CAD ($738 CAD/SF) 6.03% Cap Rate

Investment Highlights

  • 3 Commercial Retail Units & 7 Residential Units
  • Commercial Retail Space Divisible into up to 7 Units
  • Walking and Biking Trails Nearby
  • Residential Units Come With Garages
  • Reliable Long Term Anchor Tenants

Executive Summary

Exceptional Mixed-Use Investment Opportunity in Wine Country - Introducing Skyhawk Village, a meticulously designed neighborhood center that boasts a 16,800 sq. ft. two-story structure, fully leased and constructed with superior quality. This premier commercial property features three reliable long-term retail tenants: Anytime Fitness, occupying 4,800 sq. ft.; Massage Envy, utilizing 2,480 sq. ft.; and Edward Jones, in 1,180 sq. ft., each contributing to the center's robust tenancy and appeal. Additionally, the upper level hosts seven luxury two-bedroom, two-bath apartments, each offering 1,200 sq. ft. of upscale living space. These residences are collectively leased by Pura Vida Recovery Services to enhance treatment, adding significant value to the community-focused property. Each luxury apartment is paired with a detached garage. Surrounded by beautifully maintained grounds reflecting true pride of ownership with easy access to scenic walking and biking trails along a nearby creek bed and park. This investment promises ease of ownership with occupied units and a seamless blend of vigorous commercial activity. Offering a solid 6.1% cap rate, this property is an ideal choice for investors looking for a proven, manageable asset in a thriving community.

Financial Summary (Actual - 2023)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $948,365 $56.45
Other Income $15,715 $0.94
Vacancy Loss - -
Effective Gross Income $964,081 $57.39
Taxes $146,354 $8.71
Operating Expenses $69,660 $4.15
Total Expenses $216,014 $12.86
Net Operating Income $748,067 $44.53

Financial Summary (Actual - 2023)

Gross Rental Income (CAD)
Annual $948,365
Annual Per SF $56.45
Other Income (CAD)
Annual $15,715
Annual Per SF $0.94
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $964,081
Annual Per SF $57.39
Taxes (CAD)
Annual $146,354
Annual Per SF $8.71
Operating Expenses (CAD)
Annual $69,660
Annual Per SF $4.15
Total Expenses (CAD)
Annual $216,014
Annual Per SF $12.86
Net Operating Income (CAD)
Annual $748,067
Annual Per SF $44.53

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
16,800 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2006
Price
$12,402,862 CAD
Price Per SF
$738 CAD
Cap Rate
6.03%
NOI
$748,067 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.32
Lot Size
1.21 AC
Zoning
CN - CN SR Neighborhood Commercial
Parking
36 Spaces (2.14 Spaces per 1,000 SF Leased)
Frontage
482 ft on Sonoma Hwy

Amenities

  • 24 Hour Access
  • Courtyard
  • Monument Signage
  • Air Conditioning
  • Balcony
  • Smoke Detector

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Arts, Entertainment, and Recreation
  • 4,800 SF
  • $34.02 CAD
  • Net
  • Aug 2021

Anytime Fitness began in Minnesota in 2002. Their co-founders, Chuck Runyon and Dave Mortensen, recognized an opportunity to provide consumers with a clean, quality workout experience in a convenient, gym setting. Though they had their doubters, the years since have seen Anytime Fitness grow to many gyms in countries serving many members. In the midst of challenging economic climates, Anytime Fitness has achieved remarkable and steady growth, opening clubs each of the past nine years. During that same time, Anytime Fitness expanded in new international markets including: Mexico, Australia, New Zealand, England, Scotland, The Republic of Ireland, Poland, the Netherlands, Japan, India, Chile, Canada, The Cayman Islands, Spain, Malaysia, Singapore, the Philippines, Hong Kong, China, Taiwan, Qatar, Italy and Sweden.

  • Finance and Insurance
  • 1,180 SF
  • $2.83 CAD
  • -
  • Apr 2021

Since 1922, Edward Jones has worked to create a better future for their clients and their families and communities in the U.S. and Canada, one relationship at a time. Their advice is based on a disciplined, established process that centers on their clients, who are individual investors, and the goals they're trying to achieve. Each client benefits from a personalized relationship with their financial advisor, who is supported by the resources of a Fortune 500 firm. Every aspect of the firm’s business – from the types of products and services they offer to the locations of their branch offices – is designed to cater to individual investors in the communities in which they live and work. This business model has helped fuel remarkable growth for the firm and helped clients realize the possibilities for their futures.

  • Services
  • 2,480 SF
  • $4.51 CAD
  • -
  • Jul 2018

Massage Envy is a nationwide wellness franchise providing massage, stretch, and skin care services. The brand is built upon the belief that regular massage, stretch, and facials are integral components of whole-body wellness and keep bodies working. From day one in 2002, the Massage Envy brand was built on the foundation of helping people feel their best. Therapeutic massage, stretch, and skin care services are now integral parts of this whole-body wellness philosophy. Massage Envy believes, at its core, that massage, stretch, and skin care aren’t luxuries: they keep the whole body working, pure and simple. Incorporating these services as regular routines go a long way towards helping people take care of themselves and more – more of what matters to them, what makes them happy, and what helps them support a well-balanced lifestyle. In short, what keeps their body working.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Arts, Entertainment, and Recreation 4,800 SF $34.02 CAD Net Aug 2021
Finance and Insurance 1,180 SF $2.83 CAD - Apr 2021
Services 2,480 SF $4.51 CAD - Jul 2018

Nearby Major Retailers

Starbucks
Safeway

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
153-180-029
Land Assessment
$2,367,895 CAD
Improvements Assessment
$3,186,483 CAD
Total Assessment
$5,554,378 CAD
Annual Taxes
$146,354 CAD ($8.71 CAD/SF)
Tax Year
2023
  • Listing ID: 32783913

  • Date on Market: 2024-08-13

  • Last Updated:

  • Address: 5761 Mountain Hawk Dr, Santa Rosa, CA 95409

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