Recently Sold: High Profile North Bay Office Park
 Capital Pacific recently represented the buyer and seller in the sale of a Santa Rosa Office Park, which closed for $5.1 M.The two buildings were well situated across from a newly redeveloped Safeway-anchored shopping center, and enjoyed excellent visibility with 1.5 acres of land on one of the main traffic arteries through Santa Rosa. The buildings had a history of high occupancy rates; the majority tenant (who now comprises 85% of the square footage) first moved into the building twenty years ago. Prior to the sale, the building underwent considerable renovation to the roof and exterior to increase the sale value. Each of the two buildings is located on a separate legal parcel with a private parking area, allowing the subsequent owner unusual flexibility. |