The subject property is improved with a pre-engineered metal building with glass store fronts. The subject building improvements contain approximately 13,860 SF, overall. This building is basically one-story and is divided into twelve suites, “A” thru “L”. Each suite is 100% heated and cooled. The center was built in 2004 and has been routinely maintained. The building design features 12 units ranging in size from 1,155 SF – 2,310 SF. The project has not had benefit of an ongoing marketing effort for several months; therefore, there are two vacancies in the center. With the implementation of a professional and effective leasing & management program, the project should reach an acceptable level of occupancy in a short period of time. This center would be an excellent income producer considering the projects location along Berryhill Road across from Santa Rosa Medical Center and newly constructed United Bank.
Project Total Gross Potential Income- $106,920